TE-FOOD (TONE): How Does the Chart Look Friday?

Friday, March 29, 2024 09:45 AM | InvestorsObserver Analysts

InvestorsObserver gives TE-FOOD a weak short-term technical score of 4 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. TONE has currently traded better than 4% 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 TE-FOOD a 4 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on TE-FOOD!

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Trading Analysis

TE-FOOD is $0.000000 (0.00%) above its 30-day low of $0.000754298 while -$0.001502 (-66.57%) below its 30-day high of $0.00225667. In addition, TONE's current price of $0.000754298 is under its 30-day moving average price of $0.001374813, leading to a weak short-term technical score. Overall the recent trading history of TE-FOOD suggest that investors are bearish on the token at the moment. TONE has a low market cap compared to the majority of tokens with a total market value of $457,733.20. TE-FOOD'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. TE-FOOD's average volume is low as $111,349.24 worth of the token is typically traded over a 24 hour period. TONE'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 TONE's volume is below its average with $16,989.48 exchanged.

Summary

TONE'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 TE-FOOD (TONE).