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What do the Short-Term Technicals Predict for IONChain (IONC) Tuesday?
Tuesday, December 28, 2021 09:59 AM | InvestorsObserver Analysts
IONChain receives a strong short-term technical ranking of 73 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. IONC has a superior recent technical analysis than 73% 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 IONChain a 73 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on IONChain!
Trading Analysis
IONChain is $0.001097 (37.93%) above its 30-day low of $0.002892701 while -$0.003134 (-43.99%) below its 30-day high of $0.00712411. In addition, IONC's current price of $0.003990022 is above its 30-day moving average price of $0.003696884, leading to a strong short-term technical score. Overall the recent trading history of IONChain suggest that investors are bullish on the token at the moment.
IONChain's market cap of $483,513.33 is relatively low for a token. IONChain'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, IONC's average volume is low with $22,461.76 worth of the token traded over an average 24 hour period. IONC'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, IONC's volume is below its usual with $2,936.41 exchanged.
Summary
IONChain's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement.
Click Here to get the full Report on IONChain (IONC).
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