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Megacoin (MEC) has a Neutral Sentiment Score, is Rising, and Outperforming the Crypto Market Thursday: What's Next?

Thursday, August 11, 2022 01:24 PM | InvestorsObserver Analysts
Megacoin (MEC) has a Neutral Sentiment Score, is Rising, and Outperforming the Crypto Market Thursday: What's Next?

Megacoin (MEC) gets a neutral rating from InvestorsObserver Thursday. The crypto is up 1.91% to $0.001463642569 while the broader crypto market is up 1.81%.

Sentiment Score - ,
Megacoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Megacoin!

Neutral

Over the last five days, Megacoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Megacoin 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

Megacoin is currently trading near its five-day low of $0.00135673070326447. The crypto is 32.42% off its five-day high and is 7.88% higher than its five-day low of $0.00135673070326447.

Megacoin price is trading near resistance. With support set around $0.00138580578036171 and resistance at $0.00146715948480678, could face selling pressures soon.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

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 Megacoin

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