Tycoon (TYC) What Does the Chart Say Wednesday?

Wednesday, November 16, 2022 07:12 AM | InvestorsObserver Analysts

Tycoon receives an average short-term technical ranking of 52 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. TYC has a superior recent technical analysis than 52% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Tycoon a 52 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tycoon!

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Trading Analysis

TYC is currently $0.002843 (406.57%) above its 30-day low of $0.000699366 and -$0.001953 (-35.54%) below its 30-day high of $0.00549574. Additionally, TYC is under its average price of $0.003691275 over the past month of trading with its current price of $0.003542762. Overall, the recent trading history of Tycoon suggest that traders are currently neutral on the token. TYC has a relatively low market cap for a token with a total market value of $279,224.78. Tycoon'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. Tycoon's average volume meanwhile is low with $24,938.97 worth of the token traded over a typical 24 hour period. TYC'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, TYC's volume is below its average with $3,656.87 exchanged.

Summary

Tycoon's price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the token's short-term movement. Click Here to get the full Report on Tycoon (TYC).