Is Ryoshi Token (RYOSHI) Heading the Wrong Direction Monday?

Monday, October 17, 2022 07:10 AM | InvestorsObserver Analysts

Ryoshi Token receives a strong short-term technical ranking of 96 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. RYOSHI has a superior recent technical analysis than 96% of tokens 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 Ryoshi Token a 96 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ryoshi Token!

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Trading Analysis

Ryoshi Token is $0.000000 (158.21%) above its 30-day low of $0.000000003 while $0.000000 (-39.15%) below its 30-day high of $0.00000001. In addition, RYOSHI's current price of $0.000000008 is above its 30-day moving average price of $0.000000004, leading to a strong short-term technical score. Overall the recent trading history of Ryoshi Token suggest that investors are bullish on the token at the moment. RYOSHI has a relatively low market cap for a token with a total market value of $2,156,677.92. Ryoshi Token'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. Ryoshi Token's average volume meanwhile is low with $1,403,951.81 worth of the token traded over a typical 24 hour period. RYOSHI'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, RYOSHI's volume is below its average with $193,756.34 exchanged.

Summary

RYOSHI'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 Ryoshi Token (RYOSHI).