Ormeus Coin (ORMEUS): How Does the Chart Look Friday?

Friday, June 02, 2023 05:01 PM | InvestorsObserver Analysts

InvestorsObserver gives Ormeus Coin a weak long-term technical score of 23 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. ORMEUS at this time has a superior long-term technical analysis score than 23% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving Ormeus Coin a 23 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ormeus Coin!

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Trading Analysis

The current trading price of $0.000723733 for ORMEUS is -$0.0003239 (-30.92%) below the tokens 100-day moving average of $0.001047628. ORMEUS meanwhile is $0.0005211 (-5428176.87%) above its 52-week low of $0.000202633 and -$0.00570367 (-155572.50%) under its 52-week high price of $0.006427406. Ormeus Coin's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 23. The price movement and range of ORMEUS suggest that investors are bearish on the token at this time. Ormeus Coin has a market capitalization of $25,985.65 and a relatively low average daily volume with $2,099.22 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ORMEUS's volume is below its seven day average with 294.68 exchanged. This token's subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.

Summary

Technical analysis of Ormeus Coin over the past year results in the crypto receiving a a weak long-term technical score of 23 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on Ormeus Coin (ORMEUS).