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Jade Currency (JADE): Does it Score Poorly on Short-Term Trading Metrics Friday?

Friday, December 08, 2023 05:34 PM | InvestorsObserver Analysts
Jade Currency (JADE): Does it Score Poorly on Short-Term Trading Metrics Friday?

Jade Currency receives a strong short-term technical score of 90 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. JADE holds a better recent technical analysis than 90% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 90
InvestorsObserver is giving Jade Currency a 90 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Jade Currency!

Trading Analysis

Jade Currency is $0.000543 (86.62%) above its 30-day low of $0.000626763 while -$0.000587 (-33.40%) below its 30-day high of $0.00175622. In addition, JADE's current price of $0.001169693 is above its 30-day moving average price of $0.001014769, leading to a strong short-term technical score. Overall the recent trading history of Jade Currency suggest that investors are bullish on the token at the moment.
JADE has a relatively low market cap for a token with a total market value of $62,756.85. Jade Currency'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. Jade Currency's average volume meanwhile is low with $25,890.10 worth of the token traded over a typical 24 hour period. JADE'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, JADE's volume is below its average with $4,086.28 exchanged. Jade Currency'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

Jade Currency's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Jade Currency (JADE).

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