Is Leverj Gluon (L2) Trending Lower or Higher Wednesday?
Wednesday, February 09, 2022 09:55 AM | InvestorsObserver Analysts
Leverj Gluon receives a weak short-term technical ranking of 6 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. L2 has a superior recent technical analysis than 6% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.
InvestorsObserver is giving Leverj Gluon a 6 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Leverj Gluon!
Leverj Gluon is $0.003318 (49.80%) higher than its 30-day low price of $0.006662919 while also -$0.023702 (-70.37%) lower than its high of $0.03368280 from the past month of trading. Meanwhile, L2's current price of $0.009981017 is under its average price of $0.015933418 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Leverj Gluon suggest that traders are currently bearish on the token.
L2 has a relatively low market cap for a token with a total market value of $3,089,314.76. Leverj Gluon's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Leverj Gluon's average volume meanwhile is low with $253.53 worth of the token traded over a typical 24 hour period. L2's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. As of the past 24 hours, L2's volume is below its average with $39.30 exchanged.
Leverj Gluon's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.
Summary
L2's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term.
Click Here to get the full Report on Leverj Gluon (L2).
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