Ninneko (NINO): Does it Score Poorly on Short-Term Trading Metrics Friday?

Friday, March 29, 2024 07:24 AM | InvestorsObserver Analysts

Ninneko receives a weak short-term technical ranking of 7 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. NINO has a superior recent technical analysis than 7% 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 Ninneko a 7 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ninneko!

See Full Report

Trading Analysis

NINO is currently $0.005691 (407.23%) above its 30-day low of $0.001397461 and -$0.037580 (-84.13%) below its 30-day high of $0.04466800. Additionally, NINO is under its average price of $0.007736241 over the past month of trading with its current price of $0.007088369. Overall, the recent trading history of Ninneko suggest that traders are currently bearish on the token. NINO has a relatively low market cap for a token with a total market value of $460,065.42. Ninneko'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. Ninneko's average volume meanwhile is low with $703,934.05 worth of the token traded over a typical 24 hour period. NINO'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, NINO's volume is below its average with $102,577.26 exchanged. Ninneko's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

NINO'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 Ninneko (NINO).