VestChain (VEST) What Does the Chart Say Monday?

Monday, January 24, 2022 06:54 AM | InvestorsObserver Analysts

InvestorsObserver gives VestChain a weak short-term technical score of 11 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. VEST has currently traded better than 11% 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 VestChain a 11 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on VestChain!

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Trading Analysis

VestChain is $0.000006 (1.95%) higher than its 30-day low price of $0.000332255 while also -$0.001098 (-76.42%) lower than its high of $0.00143644 from the past month of trading. Meanwhile, VEST's current price of $0.000338719 is under its average price of $0.001076615 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of VestChain suggest that traders are currently bearish on the token. VEST has a relatively low market cap for a token with a total market value of $1,336,567.40. VestChain'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. VestChain's average volume meanwhile is low with $0.29 worth of the token traded over a typical 24 hour period. VEST'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, VEST's volume is below its average with $0.04 exchanged. VestChain's subclass Smart Contracts: A computer program designed to automatically execute when predetermined conditions are satisfied. Typically used to execute transactions quickly and automatically, with terms written directly into lines of code.

Summary

VEST's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on VestChain (VEST).