Is OWNDATA (OWN) Heading the Right Direction Friday?

Friday, December 10, 2021 06:23 AM | InvestorsObserver Analysts

OWNDATA receives an average short-term technical ranking of 35 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. OWN has a superior recent technical analysis than 35% 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 OWNDATA a 35 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on OWNDATA!

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Trading Analysis

OWNDATA is $0.000020 (64.71%) above its 30-day low of $0.000030945 while -$0.000057 (-52.62%) below its 30-day high of $0.00010757. In addition, OWN's current price of $0.000050968 is under its 30-day moving average price of $0.000062426, leading to an average short-term technical score. Overall the recent trading history of OWNDATA suggest that investors are neutral on the token at the moment. OWN has a relatively low market cap for a token with a total market value of $519,917.06. OWNDATA'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. OWNDATA's average volume meanwhile is low with $6.72 worth of the token traded over a typical 24 hour period. OWN'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, OWN's volume is below its average with $1.27 exchanged.

Summary

OWNDATA's price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the token's short-term movement. Click Here to get the full Report on OWNDATA (OWN).