Is FYDcoin (FYD) Trending Lower or Higher Sunday?

Sunday, September 24, 2023 02:26 PM | InvestorsObserver Analysts

FYDcoin receives a strong short-term technical score of 71 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. FYD holds a better recent technical analysis than 71% 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.

InvestorsObserver is giving FYDcoin a 71 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on FYDcoin!

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Trading Analysis

FYDcoin is $0.000155 (138.70%) above its 30-day low of $0.000111711 while -$0.000146 (-35.40%) below its 30-day high of $0.00041278. In addition, FYD's current price of $0.000266652 is above its 30-day moving average price of $0.000263045, leading to a strong short-term technical score. Overall the recent trading history of FYDcoin suggest that investors are bullish on the coin at the moment. FYD has a relatively low market cap for a coin with a total market value of $169,330.99. FYDcoin'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. FYDcoin's average volume meanwhile is low with $0.01 worth of the coin traded over a typical 24 hour period. FYD'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, FYD's volume is below its average with $0.00 exchanged. FYDcoin'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

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