Moneynet (MNC) What Does the Chart Say Tuesday?

Tuesday, January 18, 2022 09:47 AM | InvestorsObserver Analysts

Moneynet receives a strong short-term technical score of 84 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. MNC holds a better recent technical analysis than 84% 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 Moneynet a 84 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Moneynet!

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Trading Analysis

Moneynet is $0.000032 (51.41%) higher than its 30-day low price of $0.000061839 while also -$0.000144 (-60.62%) lower than its high of $0.00023779 from the past month of trading. Meanwhile, MNC's current price of $0.000093633 is above its average price of $0.000090114 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Moneynet suggest that traders are currently bullish on the token. Moneynet's market cap of $343,330.10 is relatively low for a token. Moneynet'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, MNC's average volume is low with $2.18 worth of the token traded over an average 24 hour period. MNC'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, MNC's volume is below its usual with $0.27 exchanged.

Summary

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