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Is FairCoin (FAIR) Heading the Right Direction Thursday?

Thursday, December 30, 2021 09:12 AM | InvestorsObserver Analysts
Is FairCoin (FAIR) Heading the Right Direction Thursday?

FairCoin receives a weak short-term technical score of 8 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. FAIR holds a better recent technical analysis than 8% 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 - 8
InvestorsObserver is giving FairCoin a 8 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on FairCoin!

Trading Analysis

FairCoin is $0.006270 (45.28%) higher than its 30-day low price of $0.013847418 while also -$7.098387 (-99.72%) lower than its high of $7.11850500 from the past month of trading. Meanwhile, FAIR's current price of $0.020117753 is under its average price of $0.268196364 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of FairCoin suggest that traders are currently bearish on the coin. FAIR has a low market cap compared to the majority of coins with a total market value of $1,070,140.36. FairCoin'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. FairCoin's average volume is low as $484.13 worth of the coin is typically traded over a 24 hour period. FAIR'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 FAIR's volume is below its average with $0.00 exchanged.

Summary

FAIR'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 coin in the short-term. Click Here to get the full Report on FairCoin (FAIR).

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