Helium IOT receives a strong short-term technical ranking of 92 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. IOT has a superior recent technical analysis than 92% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.
Trading Analysis
Helium IOT is $0.000214 (61.19%) higher than its 30-day low price of $0.000349712 while also -$0.000065 (-10.33%) lower than its high of $0.00062864 from the past month of trading. Meanwhile, IOT’s current price of $0.000563710 is above its average price of $0.000470046 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Helium IOT suggest that traders are currently bullish on the token.
Helium IOT’s market cap of $0.00 is relatively low for a token. Helium IOT’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, IOT’s average volume is low with $802,736.72 worth of the token traded over an average 24 hour period. IOT’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, IOT’s volume is below its usual with $112,380.25 exchanged.
Summary
Helium IOT’s trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future.
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