Is Zetacoin (ZET) Trending Lower or Higher Tuesday?

Tuesday, November 08, 2022 08:50 AM | InvestorsObserver Analysts

Zetacoin receives a weak long-term technical score of 3 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, ZET holds a superior long-term technical analysis score than 3% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Zetacoin a 3 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Zetacoin!

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Trading Analysis

ZET is currently -$0.0001229 (-13.51%) below its 100-day moving average price of $0.000910165 with its current price of $0.000787238. Meanwhile, Zetacoin is $0.0002849 (-2189529.91%) above its 52-week low price of $0.000502355 and -$0.00334014 (-242265.52%) below its 52-week high of $0.004127378. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 3. Trends for the long-term trading history of Zetacoin suggest that traders are currently bearish on the coin. Zetacoin has a market capitalization of $47,020.66 and a relatively low average daily volume with $98.60 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ZET's volume is below its seven day average with 14.27 exchanged.

Summary

ZET's historical trading over the past year gives it a a weak long-term technical score of 3 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on Zetacoin (ZET).