Helium IOT (IOT): How Does the Chart Look Friday? – InvestorsObserver

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Friday, December 15, 2023 01:20 PM | InvestorsObserver Analysts

Helium IOT receives a strong short-term technical score of 98 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. IOT holds a better recent technical analysis than 98% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 98
InvestorsObserver is giving Helium IOT a 98 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Helium IOT!

Trading Analysis

Helium IOT is $0.001752 (332.04%) higher than its 30-day low price of $0.000527512 while also -$0.000956 (-29.54%) lower than its high of $0.00323471 from the past month of trading. Meanwhile, IOT’s current price of $0.002279046 is above its average price of $0.000921367 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.

IOT has a relatively average market cap for a token with a total market value of $55,091,218.41. The market valuation for Helium IOT is relatively average due to the largest 100 cryptos having a market cap above $1 billion and IOT sits underneath that mark but remains above $100 million in market capilization. Helium IOT’s average volume meanwhile is average with $8,704,282.30 worth of the token traded over a typical 24 hour period. The volume for IOT is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, IOT’s volume is below its average with $1,167,485.89 exchanged.

Helium IOT’s subclass Distributed Computing: While all blockchain technology is a form of distributed computing, projects in this category typically give access to a set of distributed computing resources.

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.

Click Here to get the full Report on Helium IOT (IOT).

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