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Is Virtua (TVK) Trending Lower or Higher Friday?

Friday, December 09, 2022 06:09 AM | InvestorsObserver Analysts
Is Virtua (TVK) Trending Lower or Higher Friday?

Virtua receives a weak short-term technical ranking of 11 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. TVK has a superior recent technical analysis than 11% 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.

Short-Term Technical - 11
InvestorsObserver is giving Virtua a 11 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Virtua!

Trading Analysis

Virtua is $0.007492 (29.13%) above its 30-day low of $0.025716998 while -$0.013910 (-29.52%) below its 30-day high of $0.04711883. In addition, TVK's current price of $0.033209212 is above its 30-day moving average price of $0.029458282, leading to a weak short-term technical score. Overall the recent trading history of Virtua suggest that investors are bearish on the token at the moment.
TVK has a average market cap compared to the majority of tokens with a total market value of $25,481,027.59. The market valuation for Virtua is relatively average due to the largest 100 cryptos having a market cap above $1 billion and TVK sits underneath that mark but remains above $100 million in market capilization. Virtua's average volume is average as $33,643,866.58 worth of the token is typically traded over a 24 hour period. The volume for TVK 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 past 24 hours TVK's volume is below its average with $5,300,990.95 exchanged. Virtua's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

TVK's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on Virtua (TVK).

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