What do the Short-Term Technicals Predict for Oikos (OKS) Sunday?

Sunday, January 29, 2023 08:32 AM | InvestorsObserver Analysts

InvestorsObserver gives Oikos a weak short-term technical score of 8 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. OKS has currently traded better than 8% 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 Oikos a 8 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Oikos!

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Trading Analysis

OKS is currently $0.001562 (44.18%) above its 30-day low of $0.003535726 and -$0.004418 (-46.43%) below its 30-day high of $0.00951583. Additionally, OKS is under its average price of $0.005383380 over the past month of trading with its current price of $0.005097724. Overall, the recent trading history of Oikos suggest that traders are currently bearish on the token. Oikos's market cap of $560,172.09 is relatively low for a token. Oikos'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. Meanwhile, OKS's average volume is low with $408,053.29 worth of the token traded over an average 24 hour period. OKS'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 last 24 hours, OKS's volume is below its usual with $56,159.95 exchanged. Oikos's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Oikos'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 Oikos (OKS).