InvestorsObserver gives Ormeus Coin a weak long-term technical score of 8 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
ORMEUS at this time has a superior long-term technical analysis score than 8% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
Trading Analysis
ORMEUS is currently -$0.0000776 (-12.29%) below its 100-day moving average price of $0.000631409 with its current price of $0.000553819. Meanwhile, Ormeus Coin is $0.0003512 (-5428260.72%) above its 52-week low price of $0.000202633 and -$0.01639642 (-58992.93%) below its 52-week high of $0.016950244. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 8. Trends for the long-term trading history of Ormeus Coin suggest that traders are currently bearish on the token.
Ormeus Coin has a total market value of $19,884.88 with an low average daily volume of $43.05 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ORMEUS’s volume is below its average with $6.37 exchanged in total.
This token’s subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.
Summary
ORMEUS’s historical trading over the past year gives it a a weak long-term technical score of 8 as its price movement in that time has given investors reason to be bearish on the token in the long-term.
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