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Is Zigcoin (ZIG) trending down or up on Friday?

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Friday, May 27, 2022 6:27 PM | InvestorsObserver Analysts

Is Zigcoin (ZIG) trending down or up on Friday?

Zigcoin receives a strong short-term technical score of 99 InvestorsObserver Analysis. Our proprietary scoring system takes into account the token’s recent trading patterns by looking at price action to determine if it’s trending in the right direction. ZIG has better current technical analysis than 99% of tokens at current price. Investors focused on short-term growth and looking for hot and trending coins will find Short-Term Rank particularly relevant when allocating their wealth.

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

Trade Analysis

Zigcoin is up $0.014135 (98.60%) from its 30-day low of $0.014335554, while also -$0.004516 (-13.69%) below its high of $0.03298654 from the last trading month. Meanwhile, ZIG’s current price of $0.028470951 is above its average price of $0.023487674 set over the last trading month, making for a strong short-term technical result. In summary, Zigcoin’s recent trading history suggests that traders are currently bullish on the token. ZIG has a relatively average market cap for a token with a total market value of $12,001,479.94. The market valuation for Zigcoin is relatively average as the top 100 cryptos have a market cap of over $1 billion and ZIG is below that mark but has a market cap of over $100 million. Zigcoin’s average volume, meanwhile, is average, with the token trading at $18,047,737.20 over a typical 24-hour period. The volume for ZIG is relatively average, as the top 100 most traded cryptos are worth around $100 million over a 24-hour period, and a large chunk of the market is worth at least $5 million each day. Over the past 24 hours, ZIG’s volume has been below its average at $2,907,003.09. Zigcoin’s Marketplace subclass: These are online marketplaces where users can buy and sell cryptocurrencies and other blockchain-based goods.

summary

ZIG’s recent trading over the past month gives it a strong short-term technical rating, as recent price action is giving traders reason to be more bullish on the token in the short-term. For the full Zigcoin (ZIG) report, click here.

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