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Trinity Network Credit (TNC): Does it Score Poorly on Short-Term Trading Metrics Tuesday?

Tuesday, December 07, 2021 04:27 PM | InvestorsObserver Analysts
Trinity Network Credit (TNC): Does it Score Poorly on Short-Term Trading Metrics Tuesday?

InvestorsObserver gives Trinity Network Credit a strong short-term technical score of 96 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. TNC has currently traded better than 96% 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.

Short-Term Technical - 96
InvestorsObserver is giving Trinity Network Credit a 96 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Trinity Network Credit!

Trading Analysis

Trinity Network Credit is $0.000630 (64.81%) higher than its 30-day low price of $0.000972467 while also -$0.000696 (-30.28%) lower than its high of $0.00229883 from the past month of trading. Meanwhile, TNC's current price of $0.001602695 is above than its average price of $0.001433205 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Trinity Network Credit suggest that traders are currently bullish on the token. TNC has a low market cap compared to the majority of tokens with a total market value of $534,231.58. Trinity Network Credit'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. Trinity Network Credit's average volume is low as $650,536.52 worth of the token is typically traded over a 24 hour period. TNC'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 TNC's volume is below its average with $101,931.34 exchanged. Trinity Network Credit's subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.

Summary

Trinity Network Credit'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 Trinity Network Credit (TNC).

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