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Zilliqa (ZIL): Does it Score Well on Short-Term Trading Metrics Sunday?

Sunday, August 07, 2022 07:04 PM | InvestorsObserver Analysts
Zilliqa (ZIL): Does it Score Well on Short-Term Trading Metrics Sunday?

InvestorsObserver gives Zilliqa a weak short-term technical score of 21 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. ZIL has currently traded better than 21% of coins 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.

Short-Term Technical - 21
InvestorsObserver is giving Zilliqa a 21 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Zilliqa!

Trading Analysis

Zilliqa is $0.010595 (30.39%) higher than its 30-day low price of $0.034869008 while also -$0.003598 (-7.33%) lower than its high of $0.04906274 from the past month of trading. Meanwhile, ZIL's current price of $0.045464484 is above its average price of $0.040538434 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Zilliqa suggest that traders are currently bearish on the coin.
ZIL has a average market cap compared to the majority of coins with a total market value of $597,374,342.62. The market valuation for Zilliqa is relatively average due to the largest 100 cryptos having a market cap above $1 billion and ZIL sits underneath that mark but remains above $100 million in market capilization. Zilliqa's average volume is average as $1,101,255,661.81 worth of the coin is typically traded over a 24 hour period. The volume for ZIL 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. Over the past 24 hours ZIL's volume is below its average with $156,675,092.13 exchanged. Zilliqa's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

ZIL's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term. Click Here to get the full Report on Zilliqa (ZIL).

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