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Is Ormeus Coin (ORMEUS) Heading the Right Direction Monday?

Monday, June 27, 2022 04:18 PM | InvestorsObserver Analysts
Is Ormeus Coin (ORMEUS) Heading the Right Direction Monday?

InvestorsObserver gives Ormeus Coin a weak short-term technical score of 3 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. ORMEUS has currently traded better than 3% 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.

Short-Term Technical - 3
InvestorsObserver is giving Ormeus Coin a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ormeus Coin!

Trading Analysis

Ormeus Coin is $0.000001 (0.19%) higher than its 30-day low price of $0.000534688 while also -$0.000877 (-62.07%) lower than its high of $0.00141245 from the past month of trading. Meanwhile, ORMEUS's current price of $0.000535727 is under its average price of $0.000974778 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Ormeus Coin suggest that traders are currently bearish on the token.
Ormeus Coin's market cap of $19,235.29 is relatively low for a token. Ormeus 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, ORMEUS's average volume is low with $6,581.83 worth of the token traded over an average 24 hour period. ORMEUS'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, ORMEUS's volume is below its usual with $2,076.02 exchanged. Ormeus Coin's subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.

Summary

Ormeus Coin'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 Ormeus Coin (ORMEUS).

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