Rakon (RKN): Does it Score Poorly on Long-Term Trading Metrics Thursday?

Thursday, March 28, 2024 06:34 AM | InvestorsObserver Analysts

Rakon receives a strong long-term technical score of 76 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, RKN holds a superior long-term technical analysis score than 76% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Rakon a 76 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Rakon!

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Trading Analysis

Rakon's price is $0.0500000 (37.78%) above its 100-day moving average price of $0.130000000 as its price at the moment sits at $0.180000000. Additionally, RKN is $0.1400000 (-29380.49%) higher than its 52-week low price of $0.040000000 while -$0.08000000 (-3828.38%) under its 52-week high of $0.260000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives RKN a strong long-term technical score of 76. Long-term trading movement of Rakon suggest that investors are neutral on the token at the moment. Rakon has a total market value of $43,347,081.53 with an average average daily volume of $23,715.92 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, RKN's volume is below its average with $3,283.43 exchanged in total.

Summary

Technical analysis of Rakon over the past year results in the crypto receiving a a strong long-term technical score of 76 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Rakon (RKN).