Is Metaverse ETP (ETP) Trending Lower or Higher Thursday?

Thursday, June 30, 2022 06:40 AM | InvestorsObserver Analysts

Metaverse ETP receives a weak short-term technical score of 11 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. ETP holds a better recent technical analysis than 11% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Metaverse ETP a 11 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Metaverse ETP!

See Full Report

Trading Analysis

Metaverse ETP is $0.003182 (9.63%) higher than its 30-day low price of $0.033051956 while also -$0.020679 (-36.33%) lower than its high of $0.05691341 from the past month of trading. Meanwhile, ETP's current price of $0.036234003 is under its average price of $0.042118004 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Metaverse ETP suggest that traders are currently bearish on the coin. ETP has a low market cap compared to the majority of coins with a total market value of $2,912,439.80. Metaverse ETP'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. Metaverse ETP's average volume is low as $122,964.92 worth of the coin is typically traded over a 24 hour period. ETP'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. Over the past 24 hours ETP's volume is below its average with $18,326.86 exchanged.

Summary

Metaverse ETP's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on Metaverse ETP (ETP).