QLC Chain (QLC): Does it Score Well on Short-Term Trading Metrics Sunday?

Sunday, December 05, 2021 07:52 PM | InvestorsObserver Analysts

InvestorsObserver gives QLC Chain a strong short-term technical score of 93 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. QLC has currently traded better than 93% 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 QLC Chain a 93 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on QLC Chain!

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Trading Analysis

QLC Chain is $0.02 (66.81%) above its 30-day low of $0.03 while -$0.05 (-51.69%) below its 30-day high of $0.10. In addition, QLC's current price of $0.05 is above its 30-day moving average price of $0.04, leading to a strong short-term technical score. Overall the recent trading history of QLC Chain suggest that investors are bullish on the token at the moment. QLC Chain's market cap of $11,342,102.08 is relatively average for a token. The market valuation for QLC Chain is relatively average due to the largest 100 cryptos having a market cap above $1 billion and QLC sits underneath that mark but remains above $100 million in market capilization. Meanwhile, QLC's average volume is average with $178,980,023.60 worth of the token traded over an average 24 hour period. The volume for QLC is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, QLC's volume is below its usual with $19,855,250.91 exchanged.

Summary

QLC Chain's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on QLC Chain (QLC).