Tiger King (TKING): Does it Score Poorly on Short-Term Trading Metrics Monday?

Monday, December 13, 2021 06:52 AM | InvestorsObserver Analysts

InvestorsObserver gives Tiger King a weak short-term technical score of 14 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. TKING has currently traded better than 14% 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 Tiger King a 14 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tiger King!

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Trading Analysis

Tiger King is $0.000006 (27.70%) higher than its 30-day low price of $0.000020474 while also -$291,873.531224 (-100.00%) lower than its high of $291,873.53125000 from the past month of trading. Meanwhile, TKING's current price of $0.000026146 is under than its average price of $0.000067954 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Tiger King suggest that traders are currently bearish on the token. Tiger King's market cap of $15,752,669.29 is relatively average for a token. The market valuation for Tiger King is relatively average due to the largest 100 cryptos having a market cap above $1 billion and TKING sits underneath that mark but remains above $100 million in market capilization. Meanwhile, TKING's average volume is average with $1,794,789.47 worth of the token traded over an average 24 hour period. The volume for TKING is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, TKING's volume is below its usual with $145,362.45 exchanged. Tiger King's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Tiger King's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Tiger King (TKING).