Indorse Token receives a weak long-term technical score of 5 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
IND currently holds a superior long-term technical analysis score than 5% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
Indorse Token’s price is -$0.0162664 (-61.49%) below its 100-day moving average price of $0.026454185 as its price at the moment sits at $0.010187800. Additionally, IND is $0.0039847 (-177165.60%) higher than its 52-week low price of $0.006203130 while -$0.08791037 (-10183.48%) under its 52-week high of $0.098098174. The current trading price in relation to its long-term average along with its 52-week high and low, gives IND an average long-term technical score of 5. Long-term trading movement of Indorse Token suggest that investors are bearish on the token at the moment.
Indorse Token has a market capitalization of $381,843.00 and a relatively low average daily volume with $47.70 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, IND’s volume is below its seven day average with 6.37 exchanged.
Summary
Technical analysis of Indorse Token over the past year results in the crypto receiving a a weak long-term technical score of 5 as its price movement in that time has given traders reason to be bearish on the token in the long-term.
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