What do the Short-Term Technicals Predict for NeoNomad (NNI) Wednesday?

Wednesday, May 03, 2023 03:28 PM | InvestorsObserver Analysts

NeoNomad receives a weak short-term technical ranking of 21 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. NNI has a superior recent technical analysis than 21% 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 NeoNomad a 21 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on NeoNomad!
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Trading Analysis

NNI is currently $0.002022 (62.97%) above its 30-day low of $0.003210621 and -$0.013415 (-71.94%) below its 30-day high of $0.01864719. Additionally, NNI is under its average price of $0.010184787 over the past month of trading with its current price of $0.005232249. Overall, the recent trading history of NeoNomad suggest that traders are currently bearish on the token.
NNI has a relatively low market cap for a token with a total market value of $22,246.66. NeoNomad'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. NeoNomad's average volume meanwhile is low with $275.33 worth of the token traded over a typical 24 hour period. NNI'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. As of the past 24 hours, NNI's volume is below its average with $34.36 exchanged.

Summary

NeoNomad's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on NeoNomad (NNI).

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