What do the Short-Term Technicals Predict for Achain (ACT) Sunday?

Sunday, January 23, 2022 02:30 PM | InvestorsObserver Analysts

InvestorsObserver gives Achain a weak short-term technical score of 2 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. ACT has currently traded better than 2% of coins 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 Achain a 2 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Achain!

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Trading Analysis

Achain is $0.000000 (0.00%) above its 30-day low of $0.002163079 while -$0.006338 (-74.55%) below its 30-day high of $0.00850070. In addition, ACT's current price of $0.002163079 is under its 30-day moving average price of $0.005605444, leading to a weak short-term technical score. Overall the recent trading history of Achain suggest that investors are bearish on the coin at the moment. ACT has a relatively low market cap for a coin with a total market value of $2,163,078.91. Achain'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. Achain's average volume meanwhile is low with $5,182,495.80 worth of the coin traded over a typical 24 hour period. ACT'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, ACT's volume is below its average with $789,247.44 exchanged.

Summary

Achain's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on Achain (ACT).