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

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Monday, December 04, 2023 09:00 AM | InvestorsObserver Analysts

InvestorsObserver gives Helium IOT a strong short-term technical score of 83 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. IOT has currently traded better than 83% 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 - 83
InvestorsObserver is giving Helium IOT a 83 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 $0.000384 (91.78%) above its 30-day low of $0.000417897 while -$0.000114 (-12.41%) below its 30-day high of $0.00091498. In addition, IOT’s current price of $0.000801448 is above its 30-day moving average price of $0.000632142, leading to a strong short-term technical score. Overall the recent trading history of Helium IOT suggest that investors are bullish on the token at the moment.

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 $673,682.13 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 $90,521.79 exchanged.

Summary

IOT’s recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term.

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

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