FYDcoin (FYD) What Does the Chart Say Saturday?

Saturday, September 30, 2023 07:49 AM | InvestorsObserver Analysts

FYDcoin receives an average short-term technical ranking of 60 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. FYD has a superior recent technical analysis than 60% of coins 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 FYDcoin a 60 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on FYDcoin!

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Trading Analysis

FYDcoin is $0.000158 (141.24%) higher than its 30-day low price of $0.000111706 while also -$0.000179 (-39.93%) lower than its high of $0.00044862 from the past month of trading. Meanwhile, FYD's current price of $0.000269476 is under its average price of $0.000279396 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of FYDcoin suggest that traders are currently neutral on the coin. FYDcoin's market cap of $171,123.83 is relatively low for a coin. FYDcoin'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, FYD's average volume is low with $24.04 worth of the coin traded over an average 24 hour period. FYD'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, FYD's volume is below its usual with $3.39 exchanged. FYDcoin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

FYDcoin's trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the coin in the near future. Click Here to get the full Report on FYDcoin (FYD).