Monetha (MTH) has received a weak short-term technical score of 12 from InvestorsObserver. This score is derived from an analysis of the token's recent trading patterns, including price movement, to determine if it is trending in a favorable direction. MTH's score places it within the bottom 12% of tokens for short-term growth, making it less attractive for traders focused on hot and trendy coins.
Technical Analysis for Monetha (MTH)
InvestorsObserver rates Monetha (MTH) with a 12 out of 100 short-term technical score. This rating is based on the token's recent trading patterns, which indicate a bearish sentiment among traders. MTH's short-term technical score places it in the bottom 12% of all tokens being tracked by InvestorsObserver. Investors focused on short-term growth and trending tokens should take note of this score when allocating their assets.
Trading Analysis
MTH's current trading price of $0.002631029 is 16.92% higher than its 30-day low of $0.002250283. However, it remains 57.84% below its 30-day high of $0.00624125. This price range suggests a downward trend for MTH over the past month. Additionally, MTH's current price is below its 30-day moving average of $0.003436523, further indicating bearish pressure in the market.
Summary
The recent trading behavior of Monetha (MTH) has resulted in a weak short-term technical score. Traders are currently expressing a bearish sentiment towards the token, as evidenced by its price movement over the past month. This score suggests that traders may be hesitant to invest in MTH in the short term.
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