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What do the Short-Term Technicals Predict for Zenswap Network Token (ZNT) Wednesday?

Wednesday, March 09, 2022 07:17 PM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for Zenswap Network Token (ZNT) Wednesday?

Zenswap Network Token receives a strong short-term technical ranking of 78 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. ZNT has a superior recent technical analysis than 78% 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.

Short-Term Technical - 78
InvestorsObserver is giving Zenswap Network Token a 78 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Zenswap Network Token!

Trading Analysis

Zenswap Network Token is $0.000000 (11.17%) above its 30-day low of $0.000001228 while -$0.000152 (-99.11%) below its 30-day high of $0.00015288. In addition, ZNT's current price of $0.000001365 is under its 30-day moving average price of $0.000001801, leading to a strong short-term technical score. Overall the recent trading history of Zenswap Network Token suggest that investors are bullish on the token at the moment.
ZNT has a low market cap compared to the majority of tokens with a total market value of $16,380.57. Zenswap Network Token'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. Zenswap Network Token's average volume is low as $45.37 worth of the token is typically traded over a 24 hour period. ZNT'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 ZNT's volume is below its average with $6.43 exchanged. Zenswap Network Token's subclass Decentralized Exchange: A peer-to-peer (P2P) marketplace for buyers and sellers of cryptocurrencies. Decentralized exchanges keep users in control of their private keys during transactions which is not the case on a centralized exchange.

Summary

Zenswap Network Token'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 Zenswap Network Token (ZNT).

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