Is QASH (QASH) Heading the Wrong Direction Tuesday?

Tuesday, August 16, 2022 08:21 AM | InvestorsObserver Analysts

QASH receives a weak short-term technical score of 1 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. QASH holds a better recent technical analysis than 1% 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.

InvestorsObserver is giving QASH a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on QASH!

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Trading Analysis

QASH is $0.000375 (4.32%) above its 30-day low of $0.008682127 while -$0.045032 (-83.25%) below its 30-day high of $0.05408910. In addition, QASH's current price of $0.009057340 is under its 30-day moving average price of $0.046050405, leading to a weak short-term technical score. Overall the recent trading history of QASH suggest that investors are bearish on the token at the moment. QASH has a low market cap compared to the majority of tokens with a total market value of $3,170,069.10. QASH'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. QASH's average volume is low as $716,587.33 worth of the token is typically traded over a 24 hour period. QASH'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 past 24 hours QASH's volume is below its average with $113,140.40 exchanged. QASH'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

QASH'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 QASH (QASH).