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Should You Buy EnterCoin (ENTRC) Sunday?

Sunday, December 26, 2021 07:52 AM | InvestorsObserver Analysts
Should You Buy EnterCoin (ENTRC) Sunday?

EnterCoin receives a strong short-term technical ranking of 87 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. ENTRC has a superior recent technical analysis than 87% 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 - 87
InvestorsObserver is giving EnterCoin a 87 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on EnterCoin!

Trading Analysis

EnterCoin is $0.014928 (280.49%) above its 30-day low of $0.005322369 while -$0.014673 (-42.01%) below its 30-day high of $0.03492408. In addition, ENTRC's current price of $0.020250841 is above its 30-day moving average price of $0.019679806, leading to a strong short-term technical score. Overall the recent trading history of EnterCoin suggest that investors are bullish on the token at the moment. ENTRC has a low market cap compared to the majority of tokens with a total market value of $115,366.01. EnterCoin'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. EnterCoin's average volume is low as $398.39 worth of the token is typically traded over a 24 hour period. ENTRC'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 past 24 hours ENTRC's volume is below its average with $72.16 exchanged.

Summary

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

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