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

Saturday, January 29, 2022 05:38 PM | InvestorsObserver Analysts

InvestorsObserver gives VestChain a weak short-term technical score of 3 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. VEST has currently traded better than 3% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving VestChain a 3 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 $0.000050 (14.93%) higher than its 30-day low price of $0.000331841 while also -$0.001055 (-73.45%) lower than its high of $0.00143644 from the past month of trading. Meanwhile, VEST's current price of $0.000381373 is under its average price of $0.001028838 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of VestChain suggest that traders are currently bearish on the token. VEST has a low market cap compared to the majority of tokens with a total market value of $1,504,877.34. VestChain'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. VestChain's average volume is low as $0.57 worth of the token is typically traded over a 24 hour period. VEST'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 VEST's volume is below its average with $0.08 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 weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on VestChain (VEST).