Rainicorn (RAINI): Does it Score Poorly on Short-Term Trading Metrics Saturday?

Saturday, March 25, 2023 07:37 PM | InvestorsObserver Analysts

Rainicorn receives a strong short-term technical ranking of 99 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. RAINI has a superior recent technical analysis than 99% 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 Rainicorn a 99 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Rainicorn!

See Full Report

Trading Analysis

Rainicorn is $0.024946 (160.45%) higher than its 30-day low price of $0.015547841 while also -$0.009199 (-18.51%) lower than its high of $0.04969268 from the past month of trading. Meanwhile, RAINI's current price of $0.040493993 is above its average price of $0.025286785 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Rainicorn suggest that traders are currently bullish on the token. RAINI has a average market cap compared to the majority of tokens with a total market value of $20,246,996.26. The market valuation for Rainicorn is relatively average due to the largest 100 cryptos having a market cap above $1 billion and RAINI sits underneath that mark but remains above $100 million in market capilization. Rainicorn's average volume is average as $3,466,524.09 worth of the token is typically traded over a 24 hour period. The volume for RAINI is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours RAINI's volume is below its average with $544,230.01 exchanged.

Summary

Rainicorn'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 Rainicorn (RAINI).