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Is Olyseum (OLY) Heading the Right Direction Saturday?

Saturday, December 04, 2021 11:58 AM | InvestorsObserver Analysts
Is Olyseum (OLY) Heading the Right Direction Saturday?

Olyseum receives a strong short-term technical score of 90 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. OLY holds a better recent technical analysis than 90% of tokens 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.

Short-Term Technical - 90
InvestorsObserver is giving Olyseum a 90 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Olyseum!

Trading Analysis

Olyseum is $0.01 (223.17%) higher than its 30-day low price of $0.00 while also -$0.01 (-42.32%) lower than its high of $0.02 from the past month of trading. Meanwhile, OLY's current price of $0.01 is above than its average price of $0.01 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Olyseum suggest that traders are currently bullish on the token. Olyseum's market cap of $16,398,160.88 is relatively average for a token. The market valuation for Olyseum is relatively average due to the largest 100 cryptos having a market cap above $1 billion and OLY sits underneath that mark but remains above $100 million in market capilization. Meanwhile, OLY's average volume is average with $2,080,809.15 worth of the token traded over an average 24 hour period. The volume for OLY is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, OLY's volume is below its usual with $270,442.39 exchanged. Olyseum's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

OLY'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 Olyseum (OLY).

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