What do the Short-Term Technicals Predict for Cosmo Coin (COSM) Sunday?

Cosmo Coin receives a weak short-term technical ranking of 24 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. COSM has a superior recent technical analysis than 24% 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 Cosmo Coin a 24 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Cosmo Coin!

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Trading Analysis

Cosmo Coin is $0.000030 (15.06%) higher than its 30-day low price of $0.000199969 while also -$0.000111 (-32.46%) lower than its high of $0.00034068 from the past month of trading. Meanwhile, COSM's current price of $0.000230091 is under its average price of $0.000278154 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Cosmo Coin suggest that traders are currently bearish on the token. COSM has a low market cap compared to the majority of tokens with a total market value of $154,340.68. Cosmo Coin'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. Cosmo Coin's average volume is low as $0.40 worth of the token is typically traded over a 24 hour period. COSM'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 COSM's volume is below its average with $0.06 exchanged.

Summary

COSM'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 Cosmo Coin (COSM).