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Is DigitalNote (XDN) Heading the Right Direction Friday?

Friday, June 02, 2023 01:41 PM | InvestorsObserver Analysts
Is DigitalNote (XDN) Heading the Right Direction Friday?

DigitalNote receives an average short-term technical score of 64 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. XDN holds a better recent technical analysis than 64% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 64
InvestorsObserver is giving DigitalNote a 64 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DigitalNote!

Trading Analysis

DigitalNote is $0.000013 (42.83%) higher than its 30-day low price of $0.000029356 while also -$0.000023 (-35.81%) lower than its high of $0.00006532 from the past month of trading. Meanwhile, XDN's current price of $0.000041929 is above its average price of $0.000040368 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of DigitalNote suggest that traders are currently neutral on the coin.
XDN has a low market cap compared to the majority of coins with a total market value of $336,636.92. DigitalNote'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. DigitalNote's average volume is low as $580.01 worth of the coin is typically traded over a 24 hour period. XDN'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 XDN's volume is below its average with $87.58 exchanged. DigitalNote'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

DigitalNote'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 DigitalNote (XDN).

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