Playgroundz (IOG) What Does the Chart Say Friday?

Friday, January 28, 2022 11:55 AM | InvestorsObserver Analysts

Playgroundz receives a weak short-term technical score of 27 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. IOG holds a better recent technical analysis than 27% 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 Playgroundz a 27 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Playgroundz!

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Trading Analysis

Playgroundz is $0.001394 (33.98%) above its 30-day low of $0.004102101 while -$0.004406 (-44.50%) below its 30-day high of $0.00990232. In addition, IOG's current price of $0.005496099 is under its 30-day moving average price of $0.006561004, leading to a weak short-term technical score. Overall the recent trading history of Playgroundz suggest that investors are bearish on the token at the moment. IOG has a low market cap compared to the majority of tokens with a total market value of $156,886.79. Playgroundz'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. Playgroundz's average volume is low as $214.16 worth of the token is typically traded over a 24 hour period. IOG'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 IOG's volume is below its average with $33.26 exchanged.

Summary

Playgroundz'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 Playgroundz (IOG).