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

Friday, January 14, 2022 06:33 AM | InvestorsObserver Analysts

InvestorsObserver gives Netrum a weak short-term technical score of 1 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. NTR has currently traded better than 1% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Netrum a 1 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

NTR is currently $0.004366 (107.71%) above its 30-day low of $0.004053925 and -$0.106523 (-92.67%) below its 30-day high of $0.11494308. Additionally, NTR is under its average price of $0.013051852 over the past month of trading with its current price of $0.008420409. Overall, the recent trading history of Netrum suggest that traders are currently bearish on the coin. NTR has a relatively low market cap for a coin with a total market value of $18,018.15. Netrum'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. Netrum's average volume meanwhile is low with $3,476.18 worth of the coin traded over a typical 24 hour period. NTR'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, NTR's volume is below its average with $480.43 exchanged.

Summary

Netrum's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on Netrum (NTR).