Is More Coin (MORE) Heading the Right Direction Sunday?

Sunday, August 07, 2022 09:35 AM | InvestorsObserver Analysts

More Coin receives a weak short-term technical ranking of 27 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. MORE has a superior recent technical analysis than 27% 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 More Coin a 27 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on More Coin!

See Full Report

Trading Analysis

More Coin is $0.003081 (25.24%) higher than its 30-day low price of $0.012207340 while also -$0.006577 (-30.08%) lower than its high of $0.02186531 from the past month of trading. Meanwhile, MORE's current price of $0.015288371 is under its average price of $0.018215450 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of More Coin suggest that traders are currently bearish on the token. More Coin's market cap of $30,576.74 is relatively low for a token. More Coin'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. Meanwhile, MORE's average volume is low with $643.13 worth of the token traded over an average 24 hour period. MORE'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 last 24 hours, MORE's volume is below its usual with $93.39 exchanged.

Summary

MORE'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 More Coin (MORE).