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Should You Buy Elementeum (ELET) Tuesday?

Tuesday, March 08, 2022 07:32 PM | InvestorsObserver Analysts
Should You Buy Elementeum (ELET) Tuesday?

Elementeum receives a strong short-term technical ranking of 100 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. ELET has a superior recent technical analysis than 100% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short-Term Technical - 100
InvestorsObserver is giving Elementeum a 100 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Elementeum!

Trading Analysis

Elementeum is $0.010221 (360.12%) higher than its 30-day low price of $0.002838079 while also -$0.008486 (-39.39%) lower than its high of $0.02154453 from the past month of trading. Meanwhile, ELET's current price of $0.013058595 is above its average price of $0.009258894 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Elementeum suggest that traders are currently bullish on the token.
Elementeum's market cap of $68,206.52 is relatively low for a token. Elementeum'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, ELET's average volume is low with $317.58 worth of the token traded over an average 24 hour period. ELET'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, ELET's volume is below its usual with $45.62 exchanged.

Summary

Elementeum'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 Elementeum (ELET).

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