Should You Sell Onooks (OOKS) Sunday?

Sunday, February 06, 2022 06:28 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives Onooks a high risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.

InvestorsObserver is giving Onooks a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Onooks!

See Full OOKS Report

Trading Analysis

The risk gauge rank for OOKS shows the token is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. OOKS has traded 50.33% lower over the past 24 hours to its current price of $0.87. This shift has occurred while volume is below its average level and the token's market capitalization has risen. The cryptocurrency now has a market capitalization of $9,511,593.14 while $226,780.14 worth of the token has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Onooks a high risk rating.

Summary

Recent price movement of OOKS gives the cryptocurrency a high risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be concerned on the token's manipulability at the moment. Click Here to get the full Report on Onooks (OOKS).