NFT (NFT) What does the chart say Tuesday?
NFT gets a weak short-term technical rating of 8 from InvestorsObserver data analysis. The proprietary rating system focuses on recent trading patterns over the past month to determine the strength of its short-term technical characteristics. NFT has a superior fresh technical analysis than 8% of 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 particular crypto.
Trade analysis
NFT is $0.000000 (0.32%) above the 30 day low of $0.000000533 while $0.000000 (-15.26%) below the 30 day high of $0.00000063. Additionally, NFT’s current price of $0.000000535 is below its 30-day moving average price of $0.000000576, leading to a weak short-term technical score. Overall, the recent trading history of NFT suggests that investors are bearish on the token at the moment. NFT has a low market cap compared to most tokens with a total market cap of $19.71. NFT’s relatively low market cap comes as it sits below $100 million, while the top 100 cryptos remain over $1 billion in market cap and the top 500 are over $100 million. NFT’s average volume is low as $5,078,827.56 of the token is typically traded over a 24 hour period. NFT’s volume is relatively low as the top 100 cryptos typically have $100 million traded each day and smaller cryptos tend to sit below $5 million traded over 24 hours. In the last 24 hours, NFT’s volume is below average with $784,979.93 exchanged. NFTs subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of images, videos, audio, and other representations of real-world objects. This category also includes other tokens used to buy, sell or collect art or certain other digital goods.
Summary
NFT’s recent trade over the past month gives it a weak short-term technical score as the recent price movement gives traders reason to be more bearish on the token in the near term. Click here to get the full report on NFT (NFT).
