Opus (OPT): Does it Score Well on Short-Term Trading Metrics Monday?

Monday, January 03, 2022 01:14 PM | InvestorsObserver Analysts

InvestorsObserver gives Opus a weak short-term technical score of 6 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. OPT has currently traded better than 6% 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 Opus a 6 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Opus!

See Full Report

Trading Analysis

Opus is $0.000047 (7.79%) above its 30-day low of $0.000606459 while -$0.001059 (-61.84%) below its 30-day high of $0.00171297. In addition, OPT's current price of $0.000653725 is under its 30-day moving average price of $0.000862613, leading to a weak short-term technical score. Overall the recent trading history of Opus suggest that investors are bearish on the token at the moment. OPT has a low market cap compared to the majority of tokens with a total market value of $91,574.21. Opus'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. Opus's average volume is low as $53.62 worth of the token is typically traded over a 24 hour period. OPT'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 past 24 hours OPT's volume is below its average with $0.07 exchanged.

Summary

Opus'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 Opus (OPT).