Loom Network (LOOM) gets a bullish rating from InvestorsObserver Friday. The token is up 17.66% to $0.05791968943 while the broader crypto market is up 2.74%.
Loom Network has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Loom Network!
Bullish
Over the last five days, Loom Network has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Loom Network over the past five days by volume and price movement.The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Price Levels
Loom Network is currently trading near its midpoint for the past five-days. The token is 17.68% off its five-day high and is 37.46% higher than its five-day low of $0.042135588824749.Loom Network price is currently above resistance. With support set around $0.0480331448461689 and resistance at $0.050809234901873, Loom Network is potentially in a volatile position if the rally burns out.
Loom Network has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.
What is a token?
Tokens are digital assets that exist on another cryptocurrency's blockchain.Due to a lack of data, this crypto may be less suitable for some investors.
Click here to unlock the rest of the report on Loom Network
