Ratecoin (XRA): Does it Score Poorly on Short-Term Trading Metrics Wednesday?

Wednesday, December 15, 2021 05:30 PM | InvestorsObserver Analysts

InvestorsObserver gives Ratecoin a weak short-term technical score of 11 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. XRA has currently traded better than 11% 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 Ratecoin a 11 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ratecoin!

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Trading Analysis

Ratecoin is $0.000021 (4.59%) above its 30-day low of $0.000467198 while -$0.000732 (-59.98%) below its 30-day high of $0.00122093. In addition, XRA's current price of $0.000488661 is under its 30-day moving average price of $0.000829897, leading to a weak short-term technical score. Overall the recent trading history of Ratecoin suggest that investors are bearish on the coin at the moment. XRA has a relatively low market cap for a coin with a total market value of $59,836.19. Ratecoin'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. Ratecoin's average volume meanwhile is low with $4.36 worth of the coin traded over a typical 24 hour period. XRA'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, XRA's volume is below its average with $0.72 exchanged.

Summary

Ratecoin'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 Ratecoin (XRA).