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Is Acropolis (AKRO) lower or higher on Wednesday?

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Wednesday, 06/01/2022 15:45 | InvestorsObserver Analysts

Is Acropolis (AKRO) lower or higher on Wednesday?

Acropolis gets a strong technical ranking of 99 in the short term InvestorsObserver data analysis. The proprietary ranking system focuses on recent trading patterns over the past month to determine the strength of its near-term technicals. AKRO has a superior current technical analysis than 99% of the tokens based on these trading metrics. Investors who primarily focus on short-term investment strategies will find this technical analysis most relevant to their goals when deciding whether to invest in a specific cryptocurrency.

Short term technical - 99
InvestorsObserver grants Acropolis a short-term technical rank of 99. Find out what that means for you and get the rest of the rankings on Acropolis!

Trade Analysis

Acropolis is up $0.003383 (110.91%) from its 30-day low of $0.003050559, while -$0.003128 (-32.71%) is below its 30-day high of 0.00956197 $ lies. Additionally, AKRO’s current price of $0.006434044 is above the 30-day moving average price of $0.005220597, resulting in a strong short-term technical score. Overall, Acropolis’ recent trading history suggests that investors are bullish on the token at the moment. AKRO has a relatively average market cap for a token with a total market value of $31,388,980.06. The market valuation for Acropolis is relatively average as the top 100 cryptos have a market cap of over $1 billion and AKRO is below that mark but has a market cap of over $100 million. The average volume of Acropolis is average with a token value of $436,511,751.72 trading over a typical 24-hour period. The volume for AKRO is relatively average, as the top 100 cryptos traded are about $100 million worth of crypto exchanged over a 24-hour period, and a large chunk of the market is worth at least $5 million each day . In the last 24 hours, AKRO’s volume was below its average at $64,124,703.96. Decentralized finance of the Acropolis subclass: DeFi, or decentralized finance, tokens are tokens created as an alternative to traditional financial institutions. These tokens are designed 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.

summary

Acropolis’ price action over the past month has produced a strong short-term technical result as recent trading has provided more bullish signals for traders regarding the token’s short-term movement. Click here for the full Acropolis (AKRO) report.

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