What do the Short-Term Technicals Predict for More Coin (MORE) Tuesday?

Tuesday, May 17, 2022 05:37 PM | InvestorsObserver Analysts

InvestorsObserver gives More Coin a weak short-term technical score of 4 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. MORE has currently traded better than 4% 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 More Coin a 4 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on More Coin!

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Trading Analysis

More Coin is $0.000000 (0.00%) higher than its 30-day low price of $0.016650121 while also -$0.013804 (-45.33%) lower than its high of $0.03045444 from the past month of trading. Meanwhile, MORE's current price of $0.016650121 is under its average price of $0.024629480 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of More Coin suggest that traders are currently bearish on the token. MORE has a low market cap compared to the majority of tokens with a total market value of $33,300.24. More Coin'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. More Coin's average volume is low as $36,659.75 worth of the token is typically traded over a 24 hour period. MORE'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 past 24 hours MORE's volume is below its average with $4,573.34 exchanged.

Summary

More Coin's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on More Coin (MORE).