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Is AidCoin (AID) Heading the Right Direction Thursday?

Thursday, December 16, 2021 06:23 AM | InvestorsObserver Analysts
Is AidCoin (AID) Heading the Right Direction Thursday?

InvestorsObserver gives AidCoin a weak short-term technical score of 3 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. AID has currently traded better than 3% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short-Term Technical - 3
InvestorsObserver is giving AidCoin a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on AidCoin!

Trading Analysis

AidCoin is $0.001215 (9.96%) above its 30-day low of $0.012205269 while -$0.022017 (-62.13%) below its 30-day high of $0.03543774. In addition, AID's current price of $0.013420409 is under its 30-day moving average price of $0.026738808, leading to a weak short-term technical score. Overall the recent trading history of AidCoin suggest that investors are bearish on the token at the moment. Currently, volume and market capitalization data for AID are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find tokens such as AidCoin extra intriguing.

Summary

AID'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 AidCoin (AID).

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