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What do the Short-Term Technicals Predict for OpenLeverage (OLE) Sunday?

Sunday, March 03, 2024 07:02 AM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for OpenLeverage (OLE) Sunday?

OpenLeverage receives a strong short-term technical score of 99 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. OLE holds a better recent technical analysis than 99% 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 - 99
InvestorsObserver is giving OpenLeverage a 99 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on OpenLeverage!

Trading Analysis

OpenLeverage is $0.039206 (412.39%) above its 30-day low of $0.009507090 while -$0.065030 (-57.17%) below its 30-day high of $0.11374342. In addition, OLE's current price of $0.048713215 is above its 30-day moving average price of $0.015440245, leading to a strong short-term technical score. Overall the recent trading history of OpenLeverage suggest that investors are bullish on the token at the moment.
OLE has a average market cap compared to the majority of tokens with a total market value of $9,188,801.72. The market valuation for OpenLeverage is relatively average due to the largest 100 cryptos having a market cap above $1 billion and OLE sits underneath that mark but remains above $100 million in market capilization. OpenLeverage's average volume is average as $53,093,450.43 worth of the token is typically traded over a 24 hour period. The volume for OLE 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 past 24 hours OLE's volume is below its average with $4,807,139.15 exchanged.

Summary

OpenLeverage'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 OpenLeverage (OLE).

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