Is Rune Shards (RXS) Heading the Right Direction Thursday?

Thursday, April 13, 2023 06:00 PM | InvestorsObserver Analysts

Rune Shards receives an average short-term technical ranking of 51 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. RXS has a superior recent technical analysis than 51% 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 Rune Shards a 51 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Rune Shards!
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Trading Analysis

Rune Shards is $0.000049 (5.00%) higher than its 30-day low price of $0.000971891 while also -$0.000035 (-3.33%) lower than its high of $0.00105555 from the past month of trading. Meanwhile, RXS's current price of $0.001020444 is above its average price of $0.001005154 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Rune Shards suggest that traders are currently neutral on the token.
RXS has a low market cap compared to the majority of tokens with a total market value of $185,011.69. Rune Shards'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. Rune Shards's average volume is low as $165.10 worth of the token is typically traded over a 24 hour period. RXS'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 past 24 hours RXS's volume is below its average with $24.54 exchanged. Rune Shards'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

Rune Shards's price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the token's short-term movement. Click Here to get the full Report on Rune Shards (RXS).

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