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Should You Buy Connectome (CNTM) Sunday?

Sunday, December 05, 2021 05:15 PM | InvestorsObserver Analysts
Should You Buy Connectome (CNTM) Sunday?

InvestorsObserver gives Connectome a weak short-term technical score of 31 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. CNTM has currently traded better than 31% 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.

Short-Term Technical - 31
InvestorsObserver is giving Connectome a 31 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Connectome!

Trading Analysis

Connectome is $0.02 (20.00%) higher than its 30-day low price of $0.10 while also -$0.13 (-54.06%) lower than its high of $0.25 from the past month of trading. Meanwhile, CNTM's current price of $0.11 is under than its average price of $0.12 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Connectome suggest that traders are currently bearish on the token. Connectome's market cap of $138,146.60 is relatively low for a token. Connectome'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. Meanwhile, CNTM's average volume is low with $14,381,270.21 worth of the token traded over an average 24 hour period. CNTM'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 last 24 hours, CNTM's volume is below its usual with $1,942,463.92 exchanged.

Summary

Connectome'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 Connectome (CNTM).

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