What do the Short-Term Technicals Predict for 2local (2LC) Sunday?

Sunday, February 06, 2022 03:50 PM | InvestorsObserver Analysts

InvestorsObserver gives 2local a weak short-term technical score of 6 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. 2LC has currently traded better than 6% 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 2local a 6 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on 2local!

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Trading Analysis

2local is $0.000016 (69.01%) higher than its 30-day low price of $0.000023305 while also -$0.000058 (-59.42%) lower than its high of $0.00009706 from the past month of trading. Meanwhile, 2LC's current price of $0.000039387 is under its average price of $0.000051957 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of 2local suggest that traders are currently bearish on the token. 2LC has a relatively low market cap for a token with a total market value of $181,874.30. 2local'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. 2local's average volume meanwhile is low with $661,137.20 worth of the token traded over a typical 24 hour period. 2LC'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, 2LC's volume is below its average with $92,444.91 exchanged.

Summary

2local's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on 2local (2LC).