Monetha (MTH): Does it Score Well on Short-Term Trading Metrics Friday?

Friday, April 22, 2022 02:49 PM | InvestorsObserver Analysts

Monetha receives an average short-term technical ranking of 62 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. MTH has a superior recent technical analysis than 62% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Monetha a 62 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Monetha!

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Trading Analysis

MTH is currently $0.003079 (57.96%) above its 30-day low of $0.005312881 and -$0.012724 (-60.26%) below its 30-day high of $0.02111585. Additionally, MTH is above its average price of $0.008244468 over the past month of trading with its current price of $0.008392239. Overall, the recent trading history of Monetha suggest that traders are currently neutral on the token. Monetha's market cap of $3,377,037.13 is relatively low for a token. Monetha'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, MTH's average volume is low with $941,695.74 worth of the token traded over an average 24 hour period. MTH'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, MTH's volume is below its usual with $142,145.78 exchanged. Monetha's subclass Smart Contracts: A computer program designed to automatically execute when predetermined conditions are satisfied. Typically used to execute transactions quickly and automatically, with terms written directly into lines of code.

Summary

Monetha's price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the token's short-term movement. Click Here to get the full Report on Monetha (MTH).