Rupiah Token (IDRT): Does it Score Poorly on Short-Term Trading Metrics Thursday?

Thursday, August 04, 2022 04:32 PM | InvestorsObserver Analysts

Rupiah Token receives an average short-term technical ranking of 62 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. IDRT has a superior recent technical analysis than 62% of tokens 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.

InvestorsObserver is giving Rupiah Token a 62 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Rupiah Token!

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Trading Analysis

Rupiah Token is $0.000001 (1.18%) higher than its 30-day low price of $0.000066148 while also -$0.000001 (-0.81%) lower than its high of $0.00006748 from the past month of trading. Meanwhile, IDRT's current price of $0.000066931 is above its average price of $0.000066778 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Rupiah Token suggest that traders are currently neutral on the token. IDRT has a average market cap compared to the majority of tokens with a total market value of $14,413,517.84. The market valuation for Rupiah Token is relatively average due to the largest 100 cryptos having a market cap above $1 billion and IDRT sits underneath that mark but remains above $100 million in market capilization. Rupiah Token's average volume is average as $847,459.73 worth of the token is typically traded over a 24 hour period. The volume for IDRT is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours IDRT's volume is below its average with $115,934.11 exchanged. Rupiah Token's subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).

Summary

Rupiah Token's price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the token's short-term movement. Click Here to get the full Report on Rupiah Token (IDRT).