What does the chart look like on Sunday?
NFT gets a strong short-term technical rating of 89 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 89% 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 (33.61%) higher than its 30-day low of $0.000000491 while also $0.000000 (-0.26%) lower than its last trading month high of $0.00000066. Meanwhile, NFT’s current price of $0.000000655 is above the average price of $0.000000547 set over the last trading month, leading to a strong short-term technical score. In summary, the recent trading history of NFT suggests that traders are currently bullish on the token. NFT has a relatively low market cap for a token with a total market cap of $24.16. 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, meanwhile, is low with $7,457,356.44 worth of the token traded over a typical 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 $1,125,883.45 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
The NFT’s price movement over the past month has led to a strong short-term technical score due to recent trading providing more bullish signals for traders about the token’s short-term movement. Click here to get the full report on NFT (NFT).
