MesChain (MES): Does it Score Well on Short-Term Trading Metrics Monday?

Monday, January 30, 2023 01:10 PM | InvestorsObserver Analysts

InvestorsObserver gives MesChain a strong short-term technical score of 97 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. MES has currently traded better than 97% 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 MesChain a 97 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on MesChain!

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Trading Analysis

MES is currently $0.000129 (390.83%) above its 30-day low of $0.000032998 and -$0.000024 (-12.70%) below its 30-day high of $0.00018552. Additionally, MES is above its average price of $0.000090094 over the past month of trading with its current price of $0.000161965. Overall, the recent trading history of MesChain suggest that traders are currently bullish on the token. MES has a low market cap compared to the majority of tokens with a total market value of $141,714.74. MesChain'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. MesChain's average volume is low as $71,840.74 worth of the token is typically traded over a 24 hour period. MES'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 past 24 hours MES's volume is below its average with $9,417.42 exchanged.

Summary

MesChain's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on MesChain (MES).