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Is FairCoin (FAIR) Heading the Right Direction Wednesday?

Wednesday, January 05, 2022 02:34 PM | InvestorsObserver Analysts
Is FairCoin (FAIR) Heading the Right Direction Wednesday?

FairCoin receives a weak short-term technical ranking of 1 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. FAIR has a superior recent technical analysis than 1% 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.

Short-Term Technical - 1
InvestorsObserver is giving FairCoin a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on FairCoin!

Trading Analysis

FAIR is currently $0.000284 (3.39%) above its 30-day low of $0.008391540 and -$7.109829 (-99.88%) below its 30-day high of $7.11850500. Additionally, FAIR is under its average price of $0.265803822 over the past month of trading with its current price of $0.008675806. Overall, the recent trading history of FairCoin suggest that traders are currently bearish on the coin. FairCoin's market cap of $461,499.37 is relatively low for a coin. 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. Meanwhile, FAIR's average volume is low with $2,116.33 worth of the coin traded over an average 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 last 24 hours, FAIR's volume is below its usual with $299.08 exchanged.

Summary

FairCoin's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future. Click Here to get the full Report on FairCoin (FAIR).

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