InvestorsObserver gives Zenswap Network Token a weak long-term technical score of 7 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.
ZNT at this time has a superior long-term technical analysis score than 7% 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
Zenswap Network Token’s price is $0.0000000 (-1.51%) below its 100-day moving average price of $0.000002050 as its price at the moment sits at $0.000002019. Additionally, ZNT is $0.0000009 (-994789587.03%) higher than its 52-week low price of $0.000001106 while -$0.00058771 (-1695690.95%) under its 52-week high of $0.000589730. The current trading price in relation to its long-term average along with its 52-week high and low, gives ZNT an average long-term technical score of 7. Long-term trading movement of Zenswap Network Token suggest that investors are bearish on the token at the moment.
Zenswap Network Token has a market capitalization of $24,227.52 and a relatively low average daily volume with $0.01 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ZNT’s volume is below its seven day average with 0.00 exchanged.
This 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
ZNT’s historical trading over the past year gives it a a weak long-term technical score of 7 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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