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Is Tokes (TKS) Trending Lower or Higher Saturday?

Saturday, March 02, 2024 06:12 AM | InvestorsObserver Analysts
Is Tokes (TKS) Trending Lower or Higher Saturday?

InvestorsObserver gives Tokes an average short-term technical score of 38 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. TKS has currently traded better than 38% 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 - 38
InvestorsObserver is giving Tokes a 38 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tokes!

Trading Analysis

Tokes is $0.000002 (0.25%) higher than its 30-day low price of $0.000996662 while also -$0.000001 (-0.12%) lower than its high of $0.00100029 from the past month of trading. Meanwhile, TKS's current price of $0.000999107 is under its average price of $0.000999200 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Tokes suggest that traders are currently neutral on the token.
TKS has a low market cap compared to the majority of tokens with a total market value of $199,820.99. Tokes'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. Tokes's average volume is low as $22.79 worth of the token is typically traded over a 24 hour period. TKS'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 TKS's volume is below its average with $3.53 exchanged. Tokes'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

TKS's recent trading over the past month give it an average short-term technical score as its recent price movement give traders reason to be more neutral on the token in the short-term. Click Here to get the full Report on Tokes (TKS).

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