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Nyzo (NYZO): Does it Score Poorly on Short-Term Trading Metrics Friday?

Friday, December 08, 2023 05:51 PM | InvestorsObserver Analysts
Nyzo (NYZO): Does it Score Poorly on Short-Term Trading Metrics Friday?

Nyzo receives an average short-term technical ranking of 35 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. NYZO has a superior recent technical analysis than 35% of coins 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 - 35
InvestorsObserver is giving Nyzo a 35 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Nyzo!

Trading Analysis

Nyzo is $0.001341 (11.19%) above its 30-day low of $0.011989886 while -$0.002792 (-17.32%) below its 30-day high of $0.01612323. In addition, NYZO's current price of $0.013331292 is under its 30-day moving average price of $0.013763247, leading to an average short-term technical score. Overall the recent trading history of Nyzo suggest that investors are neutral on the coin at the moment.
Nyzo's market cap of $158,904.35 is relatively low for a coin. Nyzo'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. Meanwhile, NYZO's average volume is low with $219,800.32 worth of the coin traded over an average 24 hour period. NYZO'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. Over the last 24 hours, NYZO's volume is below its usual with $31,051.75 exchanged.

Summary

Nyzo's price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the coin's short-term movement. Click Here to get the full Report on Nyzo (NYZO).

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