Is Radix (XRD) Heading the Wrong Direction Tuesday?

Tuesday, April 04, 2023 08:34 AM | InvestorsObserver Analysts

InvestorsObserver gives Radix a strong short-term technical score of 87 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. XRD has currently traded better than 87% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Radix a 87 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Radix!

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Trading Analysis

XRD is currently $0.007780 (21.61%) above its 30-day low of $0.035999931 and -$0.003700 (-7.79%) below its 30-day high of $0.04747964. Additionally, XRD is above its average price of $0.040893591 over the past month of trading with its current price of $0.043779953. Overall, the recent trading history of Radix suggest that traders are currently bullish on the coin. Radix's market cap of $443,917,501.35 is relatively average for a coin. The market valuation for Radix is relatively average due to the largest 100 cryptos having a market cap above $1 billion and XRD sits underneath that mark but remains above $100 million in market capilization. Meanwhile, XRD's average volume is average with $20,963,394.29 worth of the coin traded over an average 24 hour period. The volume for XRD 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. Over the last 24 hours, XRD's volume is below its usual with $3,458,495.08 exchanged.

Summary

Radix's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin's short-term movement. Click Here to get the full Report on Radix (XRD).