What do the Short-Term Technicals Predict for VestChain (VEST) Saturday?

Saturday, January 01, 2022 07:25 AM | InvestorsObserver Analysts

VestChain receives a strong short-term technical score of 84 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. VEST holds a better recent technical analysis than 84% 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.

InvestorsObserver is giving VestChain a 84 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on VestChain!

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Trading Analysis

VestChain is $0.000949 (206.00%) above its 30-day low of $0.000460603 while -$0.000315 (-18.27%) below its 30-day high of $0.00172447. In addition, VEST's current price of $0.001409461 is above its 30-day moving average price of $0.000985228, leading to a strong short-term technical score. Overall the recent trading history of VestChain suggest that investors are bullish on the token at the moment. VEST has a relatively average market cap for a token with a total market value of $5,561,665.25. The market valuation for VestChain is relatively average due to the largest 100 cryptos having a market cap above $1 billion and VEST sits underneath that mark but remains above $100 million in market capilization. VestChain's average volume meanwhile is average with $1.07 worth of the token traded over a typical 24 hour period. The volume for VEST 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. As of the past 24 hours, VEST's volume is below its average with $0.14 exchanged. VestChain's subclass Smart Contracts: A computer program designed to automatically execute when predetermined conditions are satisfied. Typically used to execute transactions quickly and automatically, with terms written directly into lines of code.

Summary

VestChain's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on VestChain (VEST).