Should You Buy AceD (old) (ACED) Sunday?

Sunday, May 01, 2022 08:53 AM | InvestorsObserver Analysts

AceD (old) receives a weak short-term technical score of 33 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. ACED holds a better recent technical analysis than 33% 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 AceD (old) a 33 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on AceD (old)!

See Full Report

Trading Analysis

ACED is currently $0.000034 (80.68%) above its 30-day low of $0.000041839 and -$0.000113 (-59.96%) below its 30-day high of $0.00018879. Additionally, ACED is under its average price of $0.000087759 over the past month of trading with its current price of $0.000075595. Overall, the recent trading history of AceD (old) suggest that traders are currently bearish on the token. ACED has a relatively low market cap for a token with a total market value of $18,897.67. AceD (old)'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. AceD (old)'s average volume meanwhile is low with $16.45 worth of the token traded over a typical 24 hour period. ACED'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. As of the past 24 hours, ACED's volume is below its average with $2.19 exchanged. AceD (old)'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

ACED's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on AceD (old) (ACED).