Oikos (OKS): Does it Score Poorly on Short-Term Trading Metrics Monday?

Monday, October 03, 2022 07:06 AM | InvestorsObserver Analysts

InvestorsObserver gives Oikos a weak short-term technical score of 3 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. OKS has currently traded better than 3% 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 Oikos a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Oikos!

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Trading Analysis

OKS is currently $0.000081 (59.06%) above its 30-day low of $0.000136419 and -$0.001302 (-85.72%) below its 30-day high of $0.00151941. Additionally, OKS is under its average price of $0.000963963 over the past month of trading with its current price of $0.000216985. Overall, the recent trading history of Oikos suggest that traders are currently bearish on the token. Oikos's market cap of $23,843.76 is relatively low for a token. Oikos'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, OKS's average volume is low with $1,140.50 worth of the token traded over an average 24 hour period. OKS'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, OKS's volume is below its usual with $156.01 exchanged. Oikos's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Oikos's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on Oikos (OKS).