Is Rapids (RPD) Heading the Wrong Direction Sunday?

Sunday, February 06, 2022 01:15 PM | InvestorsObserver Analysts

Rapids receives a weak short-term technical ranking of 5 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. RPD has a superior recent technical analysis than 5% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Rapids a 5 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Rapids!

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Trading Analysis

Rapids is $0.000000 (0.00%) above its 30-day low of $0.008975127 while -$0.011567 (-56.31%) below its 30-day high of $0.02054180. In addition, RPD's current price of $0.008975127 is under its 30-day moving average price of $0.016141594, leading to a weak short-term technical score. Overall the recent trading history of Rapids suggest that investors are bearish on the coin at the moment. RPD has a relatively low market cap for a coin with a total market value of $95,697.98. Rapids'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. Rapids's average volume meanwhile is low with $2,752.23 worth of the coin traded over a typical 24 hour period. RPD'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. As of the past 24 hours, RPD's volume is below its average with $383.81 exchanged.

Summary

Rapids's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future. Click Here to get the full Report on Rapids (RPD).