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Should You Buy Master Contract Token (MCT) Sunday?

Sunday, January 09, 2022 10:19 AM | InvestorsObserver Analysts
Should You Buy Master Contract Token (MCT) Sunday?

InvestorsObserver gives Master Contract Token a strong short-term technical score of 79 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. MCT has currently traded better than 79% 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.

Short-Term Technical - 79
InvestorsObserver is giving Master Contract Token a 79 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Master Contract Token!

Trading Analysis

Master Contract Token is $0.002811 (270.55%) above its 30-day low of $0.001038987 while -$0.003343 (-46.47%) below its 30-day high of $0.00719281. In addition, MCT's current price of $0.003849982 is above its 30-day moving average price of $0.002173067, leading to a strong short-term technical score. Overall the recent trading history of Master Contract Token suggest that investors are bullish on the token at the moment. MCT has a low market cap compared to the majority of tokens with a total market value of $2,184,864.63. Master Contract Token'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. Master Contract Token's average volume is low as $523,082.84 worth of the token is typically traded over a 24 hour period. MCT'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 MCT's volume is below its average with $72,337.85 exchanged.

Summary

Master Contract Token's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Master Contract Token (MCT).

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