Taklimakan Network (TAN): How Does the Chart Look Monday?

Monday, February 07, 2022 01:07 PM | InvestorsObserver Analysts

InvestorsObserver gives Taklimakan Network a strong short-term technical score of 89 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. TAN has currently traded better than 89% 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 Taklimakan Network a 89 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Taklimakan Network!

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Trading Analysis

Taklimakan Network is $0.002011 (79.01%) above its 30-day low of $0.002545018 while -$0.000316 (-6.48%) below its 30-day high of $0.00487162. In addition, TAN's current price of $0.004555792 is above its 30-day moving average price of $0.002761900, leading to a strong short-term technical score. Overall the recent trading history of Taklimakan Network suggest that investors are bullish on the token at the moment. TAN has a low market cap compared to the majority of tokens with a total market value of $209,303.04. Taklimakan Network'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. Taklimakan Network's average volume is low as $204,277.69 worth of the token is typically traded over a 24 hour period. TAN'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 TAN's volume is below its average with $32,087.84 exchanged.

Summary

TAN's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on Taklimakan Network (TAN).