Jetcoin (JET) What Does the Chart Say Wednesday?

Wednesday, October 26, 2022 04:33 PM | InvestorsObserver Analysts

InvestorsObserver gives Jetcoin a weak short-term technical score of 19 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 19% 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 19 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 $0.002890 (442.29%) above its 30-day low of $0.000653487 while -$0.009636 (-73.11%) below its 30-day high of $0.01317999. In addition, JET's current price of $0.003543808 is under its 30-day moving average price of $0.004931552, leading to a weak short-term technical score. Overall the recent trading history of Jetcoin suggest that investors are bearish on the token at the moment. Jetcoin's market cap of $45,247.43 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 $271,084.74 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 $36,562.54 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).