Jetcoin (JET) What Does the Chart Say Sunday?

Sunday, January 16, 2022 06:16 AM | InvestorsObserver Analysts

InvestorsObserver gives Jetcoin a weak short-term technical score of 1 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. JET has currently traded better than 1% 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.

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

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Trading Analysis

Jetcoin is $0.000009 (0.05%) higher than its 30-day low price of $0.017549812 while also -$0.029652 (-62.81%) lower than its high of $0.04721058 from the past month of trading. Meanwhile, JET's current price of $0.017558363 is under its average price of $0.039557986 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Jetcoin suggest that traders are currently bearish on the token. Jetcoin's market cap of $224,185.62 is relatively low for a token. Jetcoin'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. Meanwhile, JET's average volume is low with $559,172.25 worth of the token traded over an average 24 hour period. JET'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 last 24 hours, JET's volume is below its usual with $83,360.21 exchanged.

Summary

Jetcoin'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 Jetcoin (JET).