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Is CropperFinance (CRP) Heading the Wrong Direction Friday?

Friday, March 01, 2024 09:42 AM | InvestorsObserver Analysts
Is CropperFinance (CRP) Heading the Wrong Direction Friday?

CropperFinance receives a strong short-term technical ranking of 97 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. CRP has a superior recent technical analysis than 97% 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.

Short-Term Technical - 97
InvestorsObserver is giving CropperFinance a 97 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on CropperFinance!

Trading Analysis

CropperFinance is $0.009065 (189.82%) above its 30-day low of $0.004775553 while -$0.001064 (-7.14%) below its 30-day high of $0.01490465. In addition, CRP's current price of $0.013840320 is above its 30-day moving average price of $0.006619606, leading to a strong short-term technical score. Overall the recent trading history of CropperFinance suggest that investors are bullish on the token at the moment.
CRP has a relatively low market cap for a token with a total market value of $389,342.03. CropperFinance'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. CropperFinance's average volume meanwhile is low with $1,388,482.38 worth of the token traded over a typical 24 hour period. CRP'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, CRP's volume is below its average with $195,522.58 exchanged.

Summary

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

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