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What do the Short-Term Technicals Predict for MEMETOON (MEME) Thursday?

Thursday, March 28, 2024 04:05 PM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for MEMETOON (MEME) Thursday?

MEMETOON receives a strong short-term technical score of 69 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. MEME holds a better recent technical analysis than 69% 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.

Short-Term Technical - 69
InvestorsObserver is giving MEMETOON a 69 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on MEMETOON!

Trading Analysis

MEMETOON is $0.002070 (19.07%) higher than its 30-day low price of $0.010853201 while also -$0.000056 (-0.43%) lower than its high of $0.01297868 from the past month of trading. Meanwhile, MEME's current price of $0.012923107 is above its average price of $0.012188161 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of MEMETOON suggest that traders are currently bullish on the token.
MEME has a relatively average market cap for a token with a total market value of $72,775,263.12. The market valuation for MEMETOON is relatively average due to the largest 100 cryptos having a market cap above $1 billion and MEME sits underneath that mark but remains above $100 million in market capilization. MEMETOON's average volume meanwhile is average with $45,555,666.48 worth of the token traded over a typical 24 hour period. The volume for MEME is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, MEME's volume is below its average with $6,614,193.94 exchanged.

Summary

MEMETOON'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 MEMETOON (MEME).

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