Is HeroFi (ROFI) (ROFI) Heading the Wrong Direction Sunday?

Sunday, December 05, 2021 01:34 PM | InvestorsObserver Analysts

HeroFi (ROFI) receives a weak short-term technical ranking of 1 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. ROFI has a superior recent technical analysis than 1% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving HeroFi (ROFI) a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on HeroFi (ROFI)!
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Trading Analysis

HeroFi (ROFI) is $0.00 (0.00%) above its 30-day low of $0.63 while -$33.06 (-98.14%) below its 30-day high of $33.69. In addition, ROFI's current price of $0.63 is under its 30-day moving average price of $10.62, leading to a weak short-term technical score. Overall the recent trading history of HeroFi (ROFI) suggest that investors are bearish on the token at the moment. HeroFi (ROFI)'s market cap of $51,609.89 is relatively low for a token. HeroFi (ROFI)'s relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Meanwhile, ROFI's average volume is low with $4,293,803.56 worth of the token traded over an average 24 hour period. ROFI's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the last 24 hours, ROFI's volume is below its usual with $674,606.67 exchanged. HeroFi (ROFI)'s subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

ROFI's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on HeroFi (ROFI) (ROFI).

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