Should You Buy GokuMarket Credit (GMC) Friday?

Friday, November 18, 2022 06:27 AM | InvestorsObserver Analysts

InvestorsObserver gives GokuMarket Credit a weak short-term technical score of 11 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. GMC has currently traded better than 11% 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.

InvestorsObserver is giving GokuMarket Credit a 11 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on GokuMarket Credit!

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Trading Analysis

GokuMarket Credit is $0.000101 (118.61%) higher than its 30-day low price of $0.000085287 while also -$0.002745 (-93.64%) lower than its high of $0.00293144 from the past month of trading. Meanwhile, GMC's current price of $0.000186445 is under its average price of $0.000590212 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of GokuMarket Credit suggest that traders are currently bearish on the token. GokuMarket Credit's market cap of $588.23 is relatively low for a token. GokuMarket Credit'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, GMC's average volume is low with $211.40 worth of the token traded over an average 24 hour period. GMC'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, GMC's volume is below its usual with $31.94 exchanged.

Summary

GokuMarket Credit'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 GokuMarket Credit (GMC).