Netrum (NTR): Does it Score Poorly on Short-Term Trading Metrics Friday?

Friday, December 31, 2021 01:31 PM | InvestorsObserver Analysts

Netrum receives a weak short-term technical score of 30 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. NTR holds a better recent technical analysis than 30% of coins 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.

InvestorsObserver is giving Netrum a 30 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Netrum!

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Trading Analysis

Netrum is $0.000048 (1.18%) higher than its 30-day low price of $0.004048670 while also -$0.023332 (-85.07%) lower than its high of $0.02742830 from the past month of trading. Meanwhile, NTR's current price of $0.004096374 is under its average price of $0.011034357 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Netrum suggest that traders are currently bearish on the coin. Currently, volume and market capitalization data for NTR are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find coins such as Netrum extra intriguing.

Summary

NTR'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 coin in the short-term. Click Here to get the full Report on Netrum (NTR).