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What do the Short-Term Technicals Predict for Kebab Token (KEBAB) Monday?

Monday, January 24, 2022 07:24 AM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for Kebab Token (KEBAB) Monday?

InvestorsObserver gives Kebab Token a weak short-term technical score of 21 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. KEBAB has currently traded better than 21% of tokens 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.

Short-Term Technical - 21
InvestorsObserver is giving Kebab Token a 21 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Kebab Token!

Trading Analysis

Kebab Token is $0.000004 (0.04%) higher than its 30-day low price of $0.009999805 while also -$0.020015 (-66.68%) lower than its high of $0.03001852 from the past month of trading. Meanwhile, KEBAB's current price of $0.010003394 is under its average price of $0.017102487 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Kebab Token suggest that traders are currently bearish on the token. KEBAB has a relatively low market cap for a token with a total market value of $10,813.02. Kebab Token'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. Kebab Token's average volume meanwhile is low with $303.34 worth of the token traded over a typical 24 hour period. KEBAB'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. As of the past 24 hours, KEBAB's volume is below its average with $40.99 exchanged. Kebab Token's subclass Decentralized Exchange: A peer-to-peer (P2P) marketplace for buyers and sellers of cryptocurrencies. Decentralized exchanges keep users in control of their private keys during transactions which is not the case on a centralized exchange.

Summary

Kebab Token's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on Kebab Token (KEBAB).

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