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Ratecoin (XRA) What Does the Chart Say Wednesday?

Wednesday, December 08, 2021 12:34 PM | InvestorsObserver Analysts
Ratecoin (XRA) What Does the Chart Say Wednesday?

Ratecoin receives a weak short-term technical ranking of 1 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. XRA has a superior recent technical analysis than 1% 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 - 1
InvestorsObserver is giving Ratecoin a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ratecoin!

Trading Analysis

XRA is currently $0.000000 (0.09%) above its 30-day low of $0.000503822 and -$0.000871 (-63.34%) below its 30-day high of $0.00137557. Additionally, XRA is under its average price of $0.000915168 over the past month of trading with its current price of $0.000504274. Overall, the recent trading history of Ratecoin suggest that traders are currently bearish on the coin. XRA has a low market cap compared to the majority of coins with a total market value of $61,747.92. 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 is low as $940.63 worth of the coin is typically traded over a 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. Over the past 24 hours XRA's volume is below its average with $126.07 exchanged.

Summary

Ratecoin's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future. Click Here to get the full Report on Ratecoin (XRA).

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