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Is UNICORN Token (UNI) Heading the Right Direction Thursday?

Thursday, January 20, 2022 06:19 AM | InvestorsObserver Analysts
Is UNICORN Token (UNI) Heading the Right Direction Thursday?

UNICORN Token receives a strong short-term technical score of 90 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. UNI holds a better recent technical analysis than 90% 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.

Short-Term Technical - 90
InvestorsObserver is giving UNICORN Token a 90 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on UNICORN Token!

Trading Analysis

UNICORN Token is $0.000129 (104.62%) higher than its 30-day low price of $0.000123729 while also -$0.000027 (-9.69%) lower than its high of $0.00028035 from the past month of trading. Meanwhile, UNI's current price of $0.000253170 is above its average price of $0.000190887 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of UNICORN Token suggest that traders are currently bullish on the token. UNI has a low market cap compared to the majority of tokens with a total market value of $27,066.99. UNICORN Token'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. UNICORN Token's average volume is low as $126.55 worth of the token is typically traded over a 24 hour period. UNI'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 UNI's volume is below its average with $17.21 exchanged.

Summary

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

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