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What do the Short-Term Technicals Predict for IG Gold (IGG) Friday?

Friday, March 01, 2024 09:05 AM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for IG Gold (IGG) Friday?

IG Gold receives a weak short-term technical ranking of 13 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. IGG has a superior recent technical analysis than 13% 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.

Short-Term Technical - 13
InvestorsObserver is giving IG Gold a 13 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on IG Gold!

Trading Analysis

IG Gold is $0.000000 (2.58%) higher than its 30-day low price of $0.000010922 while also -$0.000004 (-23.88%) lower than its high of $0.00001472 from the past month of trading. Meanwhile, IGG's current price of $0.000011204 is under its average price of $0.000012957 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of IG Gold suggest that traders are currently bearish on the token.
IG Gold's market cap of $99,229.62 is relatively low for a token. IG Gold'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. Meanwhile, IGG's average volume is low with $1,025.80 worth of the token traded over an average 24 hour period. IGG'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 last 24 hours, IGG's volume is below its usual with $149.21 exchanged.

Summary

IG Gold'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 token's short-term movement. Click Here to get the full Report on IG Gold (IGG).

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