NFT is weak short term technical From ranking 8th investor observer data analysis. Our unique ranking system focuses on recent trading patterns over the past month to determine short-term technical strength. NFT has a recent technical analysis that outperforms the 8% token based on these trading indicators. 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.
NFT is $0.000000 (0.32%) above its 30-day low of 0.000000533 and is below its 30-day high of 0.00000063 at $0.000000 (-15.26%). In addition, NFT’s current price of $0.000000535 is below the 30-day moving average price of $0.000000576, resulting in a weak short-term technical score. Overall, NFT’s recent trading history suggests that investors are bearish on the token at this point. NFT’s market cap is low compared to most tokens with a total market value of $19.71. The relatively low market value of NFTs is below $100 million, while the market capitalization of the top 100 cryptocurrencies exceeds $1 billion and the top 500 cryptocurrencies exceed $100 million. It’s for NFTs have low average volume, with $5,078,827.56 worth of tokens traded in a typical 24-hour period. NFT volumes are relatively low as the 100 most traded cryptos typically exchange $100 million daily and smaller cryptos tend to trade for less than $5 million in 24 hours . Over the past 24 hours, NFT volume has been below average with $784,979.93 traded. NFT Subclasses Art, Collectibles, and Non-Fungible Tokens: A Non-fungible Token (NFT) is a unit of data stored on a digital ledger that uses blockchain technology to authenticate and verify ownership. They often take the form of photographs, videos, audio, and other representations of real-world items. This category also includes other tokens used to buy, sell, or collect art and certain other digital goods.
NFT’s recent trading over the past month has shown weaker short-term technical scores as recent price movements give traders reasons to be more bearish on the token in the short-term.