What are the short-term technicals predicting for Ormeus Coin (ORMEUS) on Thursday?

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Thursday, March 31, 2022 12:17 PM | InvestorsObservers Analysts

Ormeus Coin receives a strong short-term technical rating of 99 from InvestorsObserver data analysis. The proprietary ranking system focuses on recent trade trends over the past month to determine the strength of its short-term techniques. ORMEUS has recent technical analysis above 99% of the tokens based on these trading metrics. Investors primarily focused on short-term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short term technique - 99
InvestorsObserver gives Ormeus Coin a short-term technical rating of 99. Find out what this means for you and get the rest of the rating on Ormeus Coin!

Business analysis

Ormeus Coin is $0.008272 (719.20%) above its 30-day low of $0.001150146 while -$0.007528 (-44.41%) is below its high over 30 days of $0.01695024. Additionally, ORMEUS’s current price of $0.009422038 is above its 30-day moving average price of $0.002951128, which translates to a strong short-term technical score. Overall, Ormeus Coin’s recent trading history suggests that investors are currently bullish on the token. ORMEUS has a relatively low market cap for a token with a total market value of $338,298.25. The relatively low market value of Ormeus Coin comes from the fact that it sits below $100 million, while the top 100 cryptos remain above $1 billion in market capitalization and the top 500 sits above of $100 million. Ormeus Coin’s average volume, on the other hand, is low with $17,035.39 of the token traded in a typical 24-hour period. The volume of ORMEUS is relatively low, as the top 100 most traded cryptos typically have $100 million traded daily and smaller cryptos tend to be less than $5 million traded in 24 hours. Over the past 24 hours, ORMEUS volume is below its average with $2,544.08 traded. Ormeus Coin Subclass Payment Token: A token used as a method of payment for goods and services inside or outside the crypto ecosystem. Often used as a means of payment for services in a particular blockchain environment.

Summary

ORMEUS’ recent trades over the past month give it a solid short-term technical rating, as its recent price movement gives traders reason to be more bullish on the token in the near term. Click here for the full Ormeus Coin (ORMEUS) report.

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