Is Raiden Network Token (RDN) Heading the Right Direction Friday?

Raiden Network Token receives a strong long-term technical score of 92 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, RDN holds a superior long-term technical analysis score than 92% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Raiden Network Token a 92 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Raiden Network Token!

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Trading Analysis

Raiden Network Token's price is $0.0300000 (22.45%) above its 100-day moving average price of $0.160000000 as its price at the moment sits at $0.190000000. Additionally, RDN is $0.1000000 (-11376.96%) higher than its 52-week low price of $0.100000000 while -$0.89000000 (-909.17%) under its 52-week high of $1.080000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives RDN a strong long-term technical score of 92. Long-term trading movement of Raiden Network Token suggest that investors are neutral on the token at the moment. Raiden Network Token currently has a total market cap of $12,705,695.72 to go along with its average daily volume of $6,049,018.48 worth of the currency over the past seven days. RDN's volume is below its seven day average as of the past 24 hours, with 307,042.45 exchanged in that period.

Summary

Technical analysis of Raiden Network Token over the past year results in the crypto receiving a a strong long-term technical score of 92 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 Raiden Network Token (RDN).