What do the Short-Term Technicals Predict for YENTEN (YTN) Monday?

Monday, January 24, 2022 10:25 AM | InvestorsObserver Analysts

YENTEN receives a strong short-term technical ranking of 96 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. YTN has a superior recent technical analysis than 96% of coins 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 YENTEN a 96 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on YENTEN!

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Trading Analysis

YENTEN is $0.000659 (39.74%) higher than its 30-day low price of $0.001659262 while also -$0.000765 (-24.82%) lower than its high of $0.00308395 from the past month of trading. Meanwhile, YTN's current price of $0.002318627 is under its average price of $0.002395201 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of YENTEN suggest that traders are currently bullish on the coin. YENTEN's market cap of $97,271.21 is relatively low for a coin. YENTEN'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, YTN's average volume is low with $951.66 worth of the coin traded over an average 24 hour period. YTN'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, YTN's volume is below its usual with $131.35 exchanged.

Summary

YENTEN'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 coin in the near future. Click Here to get the full Report on YENTEN (YTN).