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

Thursday, November 10, 2022 08:09 AM | InvestorsObserver Analysts

TE-FOOD receives a strong long-term technical score of 88 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. TONE currently holds a superior long-term technical analysis score than 88% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving TE-FOOD a 88 Long-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's price is $0.0071439 (34.59%) above its 100-day moving average price of $0.020655433 as its price at the moment sits at $0.027799284. Additionally, TONE is $0.0198072 (-137288.93%) higher than its 52-week low price of $0.007992051 while -$0.05422780 (-12157.20%) under its 52-week high of $0.082027085. The current trading price in relation to its long-term average along with its 52-week high and low, gives TONE a strong long-term technical score of 88. Long-term trading movement of TE-FOOD suggest that investors are neutral on the token at the moment. TE-FOOD has a market capitalization of $16,341,355.59 and a relatively average average daily volume with $19,593,909.06 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, TONE's volume is below its seven day average with 2,914,529.23 exchanged.

Summary

TONE's historical trading over the past year gives it a a strong long-term technical score of 88 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on TE-FOOD (TONE).