What do the Short-Term Technicals Predict for ImageCoin (IMG) Wednesday?

Wednesday, June 22, 2022 06:16 AM | InvestorsObserver Analysts

InvestorsObserver gives ImageCoin an average short-term technical score of 62 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. IMG has currently traded better than 62% 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 ImageCoin a 62 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ImageCoin!

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Trading Analysis

IMG is currently $0.000923 (147.35%) above its 30-day low of $0.000626410 and -$0.001931 (-55.48%) below its 30-day high of $0.00348051. Additionally, IMG is under its average price of $0.001679382 over the past month of trading with its current price of $0.001549422. Overall, the recent trading history of ImageCoin suggest that traders are currently neutral on the coin. ImageCoin's market cap of $19,732.66 is relatively low for a coin. ImageCoin'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, IMG's average volume is low with $2,728.20 worth of the coin traded over an average 24 hour period. IMG'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, IMG's volume is below its usual with $351.90 exchanged.

Summary

IMG's recent trading over the past month give it an average short-term technical score as its recent price movement give traders reason to be more neutral on the coin in the short-term. Click Here to get the full Report on ImageCoin (IMG).