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ZoomSwap (ZM) What Does the Chart Say Thursday?

Thursday, May 12, 2022 11:45 AM | InvestorsObserver Analysts
ZoomSwap (ZM) What Does the Chart Say Thursday?

ZoomSwap receives a weak short-term technical ranking of 7 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. ZM has a superior recent technical analysis than 7% 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 - 7
InvestorsObserver is giving ZoomSwap a 7 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ZoomSwap!

Trading Analysis

ZoomSwap is $0.000391 (5.78%) higher than its 30-day low price of $0.006768526 while also -$0.006609 (-48.00%) lower than its high of $0.01376902 from the past month of trading. Meanwhile, ZM's current price of $0.007159752 is under its average price of $0.011677066 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of ZoomSwap suggest that traders are currently bearish on the token.
ZM has a low market cap compared to the majority of tokens with a total market value of $0.00. ZoomSwap'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. ZoomSwap's average volume is low as $313,180.20 worth of the token is typically traded over a 24 hour period. ZM'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 ZM's volume is below its average with $35,925.11 exchanged.

Summary

ZoomSwap's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on ZoomSwap (ZM).

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