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What do the Short-Term Technicals Predict for Veil (VEIL) Friday?

Friday, March 01, 2024 04:31 PM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for Veil (VEIL) Friday?

Veil receives an average short-term technical score of 62 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. VEIL holds a better recent technical analysis than 62% of coins 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 - 62
InvestorsObserver is giving Veil a 62 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Veil!

Trading Analysis

VEIL is currently $0.001323 (36.76%) above its 30-day low of $0.003600459 and -$0.001390 (-22.01%) below its 30-day high of $0.00631376. Additionally, VEIL is above its average price of $0.004467669 over the past month of trading with its current price of $0.004923873. Overall, the recent trading history of Veil suggest that traders are currently neutral on the coin.
Veil's market cap of $423,836.58 is relatively low for a coin. Veil'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, VEIL's average volume is low with $2,344.69 worth of the coin traded over an average 24 hour period. VEIL'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, VEIL's volume is below its usual with $324.94 exchanged.

Summary

Veil's price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the coin's short-term movement. Click Here to get the full Report on Veil (VEIL).

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