Should You Buy Waletoken (WTN) Saturday?

Saturday, March 05, 2022 04:15 PM | InvestorsObserver Analysts

InvestorsObserver gives Waletoken a weak short-term technical score of 2 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. WTN has currently traded better than 2% 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.

InvestorsObserver is giving Waletoken a 2 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Waletoken!

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Trading Analysis

Waletoken is $0.000001 (37.95%) higher than its 30-day low price of $0.000001354 while also -$0.000028 (-93.83%) lower than its high of $0.00003028 from the past month of trading. Meanwhile, WTN's current price of $0.000001867 is under its average price of $0.000006837 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Waletoken suggest that traders are currently bearish on the token. Waletoken's market cap of $37,195.32 is relatively low for a token. Waletoken'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, WTN's average volume is low with $129.53 worth of the token traded over an average 24 hour period. WTN'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, WTN's volume is below its usual with $17.28 exchanged.

Summary

WTN'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 token in the short-term. Click Here to get the full Report on Waletoken (WTN).