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What do the Short-Term Technicals Predict for Tokes (TKS) Friday?

Friday, January 21, 2022 09:35 AM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for Tokes (TKS) Friday?

Tokes receives an average short-term technical score of 53 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. TKS holds a better recent technical analysis than 53% 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 - 53
InvestorsObserver is giving Tokes a 53 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tokes!

Trading Analysis

Tokes is $0.000037 (0.23%) higher than its 30-day low price of $0.015968146 while also -$0.002321 (-12.67%) lower than its high of $0.01832623 from the past month of trading. Meanwhile, TKS's current price of $0.016004918 is under its average price of $0.016688300 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Tokes suggest that traders are currently neutral on the token. TKS has a low market cap compared to the majority of tokens with a total market value of $3,200,976.75. Tokes'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. Tokes's average volume is low as $14,502.88 worth of the token is typically traded over a 24 hour period. TKS'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 TKS's volume is below its average with $1,979.05 exchanged. Tokes's subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.

Summary

TKS's recent trading over the past month give it an average short-term technical score as its recent price movement give traders reason to be more neutral on the token in the short-term. Click Here to get the full Report on Tokes (TKS).

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