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Is OREO (ORE) Heading the Right Direction Friday?

Friday, December 03, 2021 07:58 PM | InvestorsObserver Analysts
Is OREO (ORE) Heading the Right Direction Friday?

OREO receives a weak short-term technical ranking of 0 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. ORE has a superior recent technical analysis than 0% 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.

Short-Term Technical - 0
InvestorsObserver is giving OREO a 0 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on OREO!

Trading Analysis

ORE is currently $0.00 (0.16%) above its 30-day low of $0.00 and $0.00 (-98.11%) below its 30-day high of $0.00. Additionally, ORE is under its average price of $0.00 over the past month of trading with its current price of $0.00. Overall, the recent trading history of OREO suggest that traders are currently bearish on the token. OREO's market cap of $186.15 is relatively low for a token. OREO'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, ORE's average volume is low with $1,200,160.45 worth of the token traded over an average 24 hour period. ORE'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, ORE's volume is below its usual with $135,916.61 exchanged. OREO'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

OREO's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on OREO (ORE).

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