Should You Buy MedicCoin (MEDIC) Saturday?

Saturday, January 29, 2022 06:17 AM | InvestorsObserver Analysts

InvestorsObserver gives MedicCoin a weak short-term technical score of 22 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. MEDIC has currently traded better than 22% 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.

InvestorsObserver is giving MedicCoin a 22 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on MedicCoin!

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Trading Analysis

MedicCoin is $0.000000 (0.24%) higher than its 30-day low price of $0.000037653 while also -$0.000095 (-71.59%) lower than its high of $0.00013284 from the past month of trading. Meanwhile, MEDIC's current price of $0.000037744 is under its average price of $0.000092338 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of MedicCoin suggest that traders are currently bearish on the coin. MEDIC has a low market cap compared to the majority of coins with a total market value of $11,260.91. MedicCoin'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. MedicCoin's average volume is low as $0.00 worth of the coin is typically traded over a 24 hour period. MEDIC'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 MEDIC's volume is below its average with $0.00 exchanged.

Summary

MEDIC's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term. Click Here to get the full Report on MedicCoin (MEDIC).