Does it Score Well on Short-Term Trading Metrics Friday?


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    Friday, January 14, 2022 07:24 AM | InvestorsObserver Analysts

    Kebab Token (KEBAB): Does it Score Well on Short-Term Trading Metrics Friday?

    InvestorsObserver gives Kebab Token a weak short-term technical score of 1 from its analysis. The proprietary scoring system considers the token’s trading history over the past month to determine the strength of its short-term technicals. KEBAB has currently traded better than 1% of tokens 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 - 1
    InvestorsObserver is giving Kebab Token a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Kebab Token!

    Trading Analysis

    Kebab Token is $0.000021 (0.21%) higher than its 30-day low price of $0.009982732 while also -$0.020056 (-66.72%) lower than its high of $0.03005992 from the past month of trading. Meanwhile, KEBAB’s current price of $0.010003582 is under its average price of $0.018715064 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Kebab Token suggest that traders are currently bearish on the token.

    Kebab Token’s market cap of $10,813.22 is relatively low for a token. Kebab Token’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. Meanwhile, KEBAB’s average volume is low with $1,003.09 worth of the token traded over an average 24 hour period. KEBAB’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 last 24 hours, KEBAB’s volume is below its usual with $135.53 exchanged.

    Kebab 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

    Kebab Token’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 Kebab Token (KEBAB).

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