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Is Radio Caca (RACA) Heading the Wrong Direction Friday?

Friday, April 08, 2022 07:18 PM | InvestorsObserver Analysts
Is Radio Caca (RACA) Heading the Wrong Direction Friday?

Radio Caca receives a strong short-term technical score of 76 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. RACA holds a better recent technical analysis than 76% 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.

Short-Term Technical - 76
InvestorsObserver is giving Radio Caca a 76 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Radio Caca!

Trading Analysis

Radio Caca is $0.000691 (60.81%) higher than its 30-day low price of $0.001136761 while also -$0.000897 (-32.92%) lower than its high of $0.00272524 from the past month of trading. Meanwhile, RACA's current price of $0.001828055 is above its average price of $0.001697834 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Radio Caca suggest that traders are currently bullish on the token.
RACA has a relatively average market cap for a token with a total market value of $548,314,979.21. The market valuation for Radio Caca is relatively average due to the largest 100 cryptos having a market cap above $1 billion and RACA sits underneath that mark but remains above $100 million in market capilization. Radio Caca's average volume meanwhile is average with $294,941,065.42 worth of the token traded over a typical 24 hour period. The volume for RACA is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, RACA's volume is below its average with $46,077,639.57 exchanged.

Summary

RACA'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 Radio Caca (RACA).

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