HyperAlloy receives a poor long-term technical rating of 32 InvestorsObserver Analysis. Our proprietary scoring system considers trading patterns over the last few months to a year, analyzing the token’s consistency and volatility and where it compares to long-term averages to determine if it’s a strong buy-and-hold -investment opportunity. Currently, ALLOY has a superior rating on long-term technical analysis as 32% of cryptocurrencies. Long-term investors employing a buy-and-hold strategy will find long-term rank particularly relevant to their asset allocation, and may find additional value by finding cryptos with a high short-term technical score to discover tokens that can have bottomed out.
ALLOY is currently -$0.0008750 (-28.34%) below its 100-day moving average price of $0.003087288 with its current price of $0.002212316. Meanwhile, HyperAlloy is up $0.0016160 (-1844239.02%) from its 52-week low of $0.000596332 and -$0.03071992 (-30358.67%) below its 52-week high of $0.032932237. The current price relative to its moving average and 52-week high and low results in an average long-term technical score of 32. Trends for HyperAlloy’s long-term trading history suggest that traders are currently bearish on the token. No volume and market cap data is currently available for ALLOY. The lack of available data is usually a sign that either a new coin or token is being launched, or one with extremely low volume and value that is not being picked up by leading data providers. No recorded volume or market cap usually correlates with highly volatile coins, which may not be the best investment choice for the majority of investors. However, those looking for newer cryptos might find tokens like HyperAlloy particularly intriguing. The subclass of this token Decentralized Finance: DeFi or decentralized finance, tokens are tokens created as an alternative to traditional financial institutions. These tokens aim to alleviate the needs of brokers, exchanges and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.
ALLOY’s historical trading over the past year returns a weak long-term technical score of 32, as price action over this period has given investors reason to be bearish on the token over the long term. For the full HyperAlloy (ALLOY) report, click here.
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