Monetha (MTH): How Does the Chart Look Monday?

Monday, February 07, 2022 07:07 AM | InvestorsObserver Analysts

Monetha receives a weak short-term technical score of 10 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. MTH holds a better recent technical analysis than 10% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Monetha a 10 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

Monetha is $0.004894 (37.77%) above its 30-day low of $0.012957666 while -$0.010499 (-37.03%) below its 30-day high of $0.02835043. In addition, MTH's current price of $0.017851442 is under its 30-day moving average price of $0.019941551, leading to a weak short-term technical score. Overall the recent trading history of Monetha suggest that investors are bearish on the token at the moment. Monetha's market cap of $7,183,420.16 is relatively average for a token. The market valuation for Monetha is relatively average due to the largest 100 cryptos having a market cap above $1 billion and MTH sits underneath that mark but remains above $100 million in market capilization. Meanwhile, MTH's average volume is average with $1,827,354.47 worth of the token traded over an average 24 hour period. The volume for MTH is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, MTH's volume is below its usual with $255,041.47 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 a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Monetha (MTH).