InvestorsObserver
×
News Home

Is Webcoin (WEB) Trending Lower or Higher Thursday?

Thursday, February 10, 2022 02:47 PM | InvestorsObserver Analysts
Is Webcoin (WEB) Trending Lower or Higher Thursday?

InvestorsObserver gives Webcoin a weak short-term technical score of 27 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. WEB has currently traded better than 27% 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 - 27
InvestorsObserver is giving Webcoin a 27 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Webcoin!

Trading Analysis

Webcoin is $0.000098 (352.30%) above its 30-day low of $0.000027834 while -$0.000166 (-56.93%) below its 30-day high of $0.00029228. In addition, WEB's current price of $0.000125895 is under its 30-day moving average price of $0.000159500, leading to a weak short-term technical score. Overall the recent trading history of Webcoin suggest that investors are bearish on the token at the moment. WEB has a low market cap compared to the majority of tokens with a total market value of $6,979.60. Webcoin'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. Webcoin's average volume is low as $1,831.57 worth of the token is typically traded over a 24 hour period. WEB'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 WEB's volume is below its average with $246.91 exchanged.

Summary

Webcoin's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Webcoin (WEB).

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App