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Should You Buy Insights Network (INSTAR) Tuesday?

Tuesday, February 01, 2022 07:09 AM | InvestorsObserver Analysts
Should You Buy Insights Network (INSTAR) Tuesday?

InvestorsObserver gives Insights Network a strong short-term technical score of 99 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. INSTAR has currently traded better than 99% of coins 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 - 99
InvestorsObserver is giving Insights Network a 99 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Insights Network!

Trading Analysis

Insights Network is $0.011946 (94.37%) above its 30-day low of $0.012658291 while -$0.002892 (-10.52%) below its 30-day high of $0.02749580. In addition, INSTAR's current price of $0.024603862 is above its 30-day moving average price of $0.022309712, leading to a strong short-term technical score. Overall the recent trading history of Insights Network suggest that investors are bullish on the coin at the moment. Insights Network's market cap of $4,840,896.20 is relatively low for a coin. Insights Network'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, INSTAR's average volume is low with $426.73 worth of the coin traded over an average 24 hour period. INSTAR'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, INSTAR's volume is below its usual with $59.35 exchanged.

Summary

INSTAR'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 coin in the short-term. Click Here to get the full Report on Insights Network (INSTAR).

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