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Should You Buy Ultiledger (ULT) Monday?

Monday, June 05, 2023 01:37 PM | InvestorsObserver Analysts
Should You Buy Ultiledger (ULT) Monday?

Ultiledger receives a strong short-term technical score of 97 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. ULT holds a better recent technical analysis than 97% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 97
InvestorsObserver is giving Ultiledger a 97 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ultiledger!

Trading Analysis

Ultiledger is $0.004030 (67.13%) higher than its 30-day low price of $0.006002214 while also -$0.001389 (-12.16%) lower than its high of $0.01142100 from the past month of trading. Meanwhile, ULT's current price of $0.010031789 is above its average price of $0.008745680 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Ultiledger suggest that traders are currently bullish on the token.
ULT has a relatively average market cap for a token with a total market value of $28,454,461.52. The market valuation for Ultiledger is relatively average due to the largest 100 cryptos having a market cap above $1 billion and ULT sits underneath that mark but remains above $100 million in market capilization. Ultiledger's average volume meanwhile is average with $16,042.94 worth of the token traded over a typical 24 hour period. The volume for ULT is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, ULT's volume is below its average with $2,187.67 exchanged.

Summary

Ultiledger's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Ultiledger (ULT).

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