Tolar (TOL): Does it Score Poorly on Short-Term Trading Metrics Thursday?

Thursday, February 03, 2022 08:27 AM | InvestorsObserver Analysts

Tolar receives a strong short-term technical score of 88 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. TOL holds a better recent technical analysis than 88% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Tolar a 88 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tolar!

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Trading Analysis

Tolar is $0.002176 (98.20%) above its 30-day low of $0.002215747 while -$0.007147 (-61.94%) below its 30-day high of $0.01153806. In addition, TOL's current price of $0.004391504 is above its 30-day moving average price of $0.004263093, leading to a strong short-term technical score. Overall the recent trading history of Tolar suggest that investors are bullish on the token at the moment. TOL has a relatively low market cap for a token with a total market value of $943,652.89. Tolar'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. Tolar's average volume meanwhile is low with $244,932.08 worth of the token traded over a typical 24 hour period. TOL'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. As of the past 24 hours, TOL's volume is below its average with $33,549.12 exchanged.

Summary

Tolar's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Tolar (TOL).