Is Freicoin (FRC) Trending Lower or Higher Tuesday?

Tuesday, August 02, 2022 12:33 PM | InvestorsObserver Analysts

InvestorsObserver gives Freicoin a weak long-term technical score of 14 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. FRC at this time has a superior long-term technical analysis score than 14% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Freicoin a 14 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Freicoin!

See Full Report

Trading Analysis

Freicoin's price is -$0.0015886 (-38.33%) below its 100-day moving average price of $0.004144800 as its price at the moment sits at $0.002556217. Additionally, FRC is $0.0000578 (-440178.96%) higher than its 52-week low price of $0.002498403 while -$0.02727049 (-33518.43%) under its 52-week high of $0.029826706. The current trading price in relation to its long-term average along with its 52-week high and low, gives FRC an average long-term technical score of 14. Long-term trading movement of Freicoin suggest that investors are bearish on the coin at the moment. Currently, volume and market capitalization data is not available for FRC. 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 coins such as Freicoin extra intriguing.

Summary

Technical analysis of Freicoin over the past year results in the crypto receiving a a weak long-term technical score of 14 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Freicoin (FRC).