Is Knit Finance (KFT) Trending Lower or Higher Friday?

Friday, June 02, 2023 07:51 PM | InvestorsObserver Analysts

Knit Finance receives a strong short-term technical score of 83 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. KFT holds a better recent technical analysis than 83% of tokens 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 Knit Finance a 83 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Knit Finance!

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Trading Analysis

KFT is currently $0.001858 (45.77%) above its 30-day low of $0.004058690 and -$0.005316 (-47.33%) below its 30-day high of $0.01123297. Additionally, KFT is above its average price of $0.005558933 over the past month of trading with its current price of $0.005916549. Overall, the recent trading history of Knit Finance suggest that traders are currently bullish on the token. Knit Finance's market cap of $28,991.09 is relatively low for a token. Knit Finance'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, KFT's average volume is low with $81,449.03 worth of the token traded over an average 24 hour period. KFT'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, KFT's volume is below its usual with $12,083.65 exchanged.

Summary

KFT'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 token in the short-term. Click Here to get the full Report on Knit Finance (KFT).