What do the Short-Term Technicals Predict for Transcodium (TNS) Saturday?

Saturday, February 12, 2022 06:37 AM | InvestorsObserver Analysts

Transcodium receives a strong short-term technical ranking of 94 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. TNS has a superior recent technical analysis than 94% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Transcodium a 94 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Transcodium!

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Trading Analysis

Transcodium is $0.006673 (526.59%) above its 30-day low of $0.001267154 while -$0.017600 (-68.91%) below its 30-day high of $0.02553955. In addition, TNS's current price of $0.007939808 is above its 30-day moving average price of $0.004452870, leading to a strong short-term technical score. Overall the recent trading history of Transcodium suggest that investors are bullish on the token at the moment. TNS has a relatively low market cap for a token with a total market value of $681,573.84. Transcodium'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. Transcodium's average volume meanwhile is low with $28,512.68 worth of the token traded over a typical 24 hour period. TNS'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, TNS's volume is below its average with $3,855.81 exchanged.

Summary

Transcodium'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 Transcodium (TNS).