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Should You Buy CONTRACOIN (CTCN) Sunday?

Sunday, March 03, 2024 07:01 AM | InvestorsObserver Analysts
Should You Buy CONTRACOIN (CTCN) Sunday?

CONTRACOIN receives a weak short-term technical score of 15 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. CTCN holds a better recent technical analysis than 15% 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.

Short-Term Technical - 15
InvestorsObserver is giving CONTRACOIN a 15 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on CONTRACOIN!

Trading Analysis

CTCN is currently $0.001837 (10.78%) above its 30-day low of $0.017037125 and -$0.015588 (-45.23%) below its 30-day high of $0.03446220. Additionally, CTCN is under its average price of $0.028502195 over the past month of trading with its current price of $0.018874177. Overall, the recent trading history of CONTRACOIN suggest that traders are currently bearish on the token.
CONTRACOIN's market cap of $963,036.57 is relatively low for a token. CONTRACOIN'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, CTCN's average volume is low with $48.86 worth of the token traded over an average 24 hour period. CTCN'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, CTCN's volume is below its usual with $7.55 exchanged.

Summary

CONTRACOIN'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 CONTRACOIN (CTCN).

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