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What do the Short-Term Technicals Predict for Metacade (MCADE) Saturday?

Saturday, December 02, 2023 04:16 PM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for Metacade (MCADE) Saturday?

InvestorsObserver gives Metacade a strong short-term technical score of 93 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. MCADE has currently traded better than 93% 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 - 93
InvestorsObserver is giving Metacade a 93 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Metacade!

Trading Analysis

Metacade is $0.008231 (125.07%) above its 30-day low of $0.006581511 while -$0.005612 (-27.48%) below its 30-day high of $0.02042492. In addition, MCADE's current price of $0.014812874 is above its 30-day moving average price of $0.010644405, leading to a strong short-term technical score. Overall the recent trading history of Metacade suggest that investors are bullish on the token at the moment.
Metacade's market cap of $19,712,288.05 is relatively average for a token. The market valuation for Metacade is relatively average due to the largest 100 cryptos having a market cap above $1 billion and MCADE sits underneath that mark but remains above $100 million in market capilization. Meanwhile, MCADE's average volume is average with $2,622,758.34 worth of the token traded over an average 24 hour period. The volume for MCADE 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. Over the last 24 hours, MCADE's volume is below its usual with $368,478.14 exchanged. Metacade's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

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

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