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Ritocoin (RITO): Does it Score Poorly on Short-Term Trading Metrics Saturday?

Saturday, August 13, 2022 09:22 AM | InvestorsObserver Analysts
Ritocoin (RITO): Does it Score Poorly on Short-Term Trading Metrics Saturday?

InvestorsObserver gives Ritocoin a strong short-term technical score of 70 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. RITO has currently traded better than 70% 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.

Short-Term Technical - 70
InvestorsObserver is giving Ritocoin a 70 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ritocoin!

Trading Analysis

Ritocoin is $0.000027 (119.56%) higher than its 30-day low price of $0.000022486 while also -$0.000023 (-32.06%) lower than its high of $0.00007267 from the past month of trading. Meanwhile, RITO's current price of $0.000049369 is above its average price of $0.000038751 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Ritocoin suggest that traders are currently bullish on the coin.
RITO has a relatively low market cap for a coin with a total market value of $84,016.53. Ritocoin'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. Ritocoin's average volume meanwhile is low with $80.69 worth of the coin traded over a typical 24 hour period. RITO'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, RITO's volume is below its average with $10.57 exchanged.

Summary

Ritocoin'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 coin in the near future. Click Here to get the full Report on Ritocoin (RITO).

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