Should You Buy Veil (VEIL) Wednesday?

Wednesday, March 27, 2024 04:44 PM | InvestorsObserver Analysts

Veil receives a weak short-term technical ranking of 19 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. VEIL has a superior recent technical analysis than 19% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Veil a 19 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Veil!

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Trading Analysis

Veil is $0.003357 (117.63%) higher than its 30-day low price of $0.002853765 while also -$0.035811 (-85.22%) lower than its high of $0.04202159 from the past month of trading. Meanwhile, VEIL's current price of $0.006210517 is under its average price of $0.007032939 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Veil suggest that traders are currently bearish on the coin. VEIL has a low market cap compared to the majority of coins with a total market value of $534,588.16. Veil'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. Veil's average volume is low as $3,054.67 worth of the coin is typically traded over a 24 hour period. VEIL'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 VEIL's volume is below its average with $418.15 exchanged.

Summary

VEIL'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 Veil (VEIL).