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Is Hypr Network (HYPR) Trending Lower or Higher Monday?

Monday, March 04, 2024 05:16 PM | InvestorsObserver Analysts
Is Hypr Network (HYPR) Trending Lower or Higher Monday?

Hypr Network receives a weak short-term technical ranking of 6 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. HYPR has a superior recent technical analysis than 6% of tokens 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 - 6
InvestorsObserver is giving Hypr Network a 6 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Hypr Network!

Trading Analysis

HYPR is currently $0.000000 (0.00%) above its 30-day low of $0.039998395 and -$0.046587 (-53.80%) below its 30-day high of $0.08658492. Additionally, HYPR is under its average price of $0.066897692 over the past month of trading with its current price of $0.039998395. Overall, the recent trading history of Hypr Network suggest that traders are currently bearish on the token.
Hypr Network's market cap of $2,872,668.48 is relatively low for a token. Hypr Network'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, HYPR's average volume is low with $740,474.50 worth of the token traded over an average 24 hour period. HYPR'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, HYPR's volume is below its usual with $136,695.87 exchanged. Hypr Network's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

Hypr Network'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 token in the near future. Click Here to get the full Report on Hypr Network (HYPR).

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