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What do the Short-Term Technicals Predict for MetaMorph (METM) Tuesday?
Tuesday, January 25, 2022 11:41 AM | InvestorsObserver Analysts
InvestorsObserver gives MetaMorph a weak short-term technical score of 1 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. METM has currently traded better than 1% 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.
InvestorsObserver is giving MetaMorph a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on MetaMorph!
Trading Analysis
MetaMorph is $0.000019 (564.47%) above its 30-day low of $0.000003318 while -$0.002025 (-98.92%) below its 30-day high of $0.00204706. In addition, METM's current price of $0.000022050 is under its 30-day moving average price of $0.000553968, leading to a weak short-term technical score. Overall the recent trading history of MetaMorph suggest that investors are bearish on the token at the moment.
METM has a relatively low market cap for a token with a total market value of $7,967.67. MetaMorph'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. MetaMorph's average volume meanwhile is low with $12.49 worth of the token traded over a typical 24 hour period. METM'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, METM's volume is below its average with $1.89 exchanged.
MetaMorph'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
METM's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term.
Click Here to get the full Report on MetaMorph (METM).
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