Is MMOCoin (MMO) Heading the Wrong Direction Thursday?

Thursday, March 28, 2024 09:28 AM | InvestorsObserver Analysts

InvestorsObserver gives MMOCoin a strong short-term technical score of 73 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. MMO has currently traded better than 73% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving MMOCoin a 73 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on MMOCoin!

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Trading Analysis

MMOCoin is $0.000188 (40.19%) higher than its 30-day low price of $0.000467757 while also -$0.000461 (-41.26%) lower than its high of $0.00111626 from the past month of trading. Meanwhile, MMO's current price of $0.000655742 is under its average price of $0.000779717 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of MMOCoin suggest that traders are currently bullish on the token. MMO has a relatively low market cap for a token with a total market value of $44,939.24. MMOCoin'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. MMOCoin's average volume meanwhile is low with $0.00 worth of the token traded over a typical 24 hour period. MMO'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, MMO's volume is below its average with $0.00 exchanged.

Summary

MMO's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on MMOCoin (MMO).