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MetaMorph (METM): How Does the Chart Look Saturday?

Saturday, February 05, 2022 08:10 AM | InvestorsObserver Analysts
MetaMorph (METM): How Does the Chart Look Saturday?

InvestorsObserver gives MetaMorph a weak short-term technical score of 12 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. METM has currently traded better than 12% 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.

Short-Term Technical - 12
InvestorsObserver is giving MetaMorph a 12 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on MetaMorph!

Trading Analysis

MetaMorph is $0.000208 (6263.47%) higher than its 30-day low price of $0.000003318 while also -$0.000727 (-77.50%) lower than its high of $0.00093858 from the past month of trading. Meanwhile, METM's current price of $0.000211166 is under its average price of $0.000405282 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of MetaMorph suggest that traders are currently bearish on the token. Currently, volume and market capitalization data for METM are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find tokens such as MetaMorph extra intriguing. MetaMorph's subclass Decentralized Exchange: A peer-to-peer (P2P) marketplace for buyers and sellers of cryptocurrencies. Decentralized exchanges keep users in control of their private keys during transactions which is not the case on a centralized exchange.

Summary

METM's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on MetaMorph (METM).

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