Is Nitro Network (NCash) Trending Lower or Higher Friday?

Friday, March 29, 2024 08:39 AM | InvestorsObserver Analysts

Nitro Network receives a strong long-term technical score of 100 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. NCash currently holds a superior long-term technical analysis score than 100% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Nitro Network a 100 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Nitro Network!

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Trading Analysis

NCash is currently $0.0000103 (188.93%) above its 100-day moving average price of $0.000005467 with its current price of $0.000015795. Meanwhile, Nitro Network is $0.0000136 (-508525349.39%) above its 52-week low price of $0.000002163 and -$0.00011674 (-7545029.67%) below its 52-week high of $0.000132537. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 100. Trends for the long-term trading history of Nitro Network suggest that traders are currently neutral on the token. Nitro Network currently has a total market cap of $115,704.81 to go along with its average daily volume of $2,784.77 worth of the currency over the past seven days. NCash's volume is below its seven day average as of the past 24 hours, with 432.97 exchanged in that period.

Summary

Technical analysis of Nitro Network over the past year results in the crypto receiving a a strong long-term technical score of 100 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Nitro Network (NCash).