What do the Short-Term Technicals Predict for ICE ROCK MINING (ROCK2) Thursday?

Thursday, January 27, 2022 06:05 PM | InvestorsObserver Analysts

ICE ROCK MINING receives a weak short-term technical score of 3 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. ROCK2 holds a better recent technical analysis than 3% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving ICE ROCK MINING a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ICE ROCK MINING!

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Trading Analysis

ICE ROCK MINING is $0.000253 (15.08%) above its 30-day low of $0.001680274 while -$0.009512 (-83.11%) below its 30-day high of $0.01144533. In addition, ROCK2's current price of $0.001933580 is under its 30-day moving average price of $0.008424718, leading to a weak short-term technical score. Overall the recent trading history of ICE ROCK MINING suggest that investors are bearish on the token at the moment. ROCK2 has a low market cap compared to the majority of tokens with a total market value of $30,404.14. ICE ROCK MINING'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. ICE ROCK MINING's average volume is low as $118,997.20 worth of the token is typically traded over a 24 hour period. ROCK2'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 ROCK2's volume is below its average with $18,027.53 exchanged.

Summary

ROCK2'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 ICE ROCK MINING (ROCK2).