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Ribbon Finance (RBN) Receives a Bullish Rating Wednesday: Is it Time to Get on Board?

Wednesday, August 03, 2022 06:26 PM | InvestorsObserver Analysts
Ribbon Finance (RBN) Receives a Bullish Rating Wednesday: Is it Time to Get on Board?

Ribbon Finance (RBN) gets a bullish rating from InvestorsObserver Wednesday. The token is up 44.75% to $0.3999836808 while the broader crypto market is up 0.7%.

Sentiment Score - ,
Ribbon Finance has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Ribbon Finance!

Bullish

Over the last five days, Ribbon Finance has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Ribbon Finance over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Ribbon Finance is currently trading near its five-day high of $0.428008192521368. The token is 6.55% off its five-day high and is 58.99% higher than its five-day low of $0.251584976911545.

Ribbon Finance price is currently above resistance. With support set around $0.271128775751084 and resistance at $0.279647024547547, Ribbon Finance is potentially in a volatile position if the rally burns out.

Ribbon Finance has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Ribbon Finance

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