Should You Buy Freedomcoin (FREED) Monday?

Monday, August 01, 2022 08:02 PM | InvestorsObserver Analysts

Freedomcoin receives a strong short-term technical ranking of 91 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. FREED has a superior recent technical analysis than 91% 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.

InvestorsObserver is giving Freedomcoin a 91 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Freedomcoin!

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Trading Analysis

FREED is currently $0.014583 (386.72%) above its 30-day low of $0.003770842 and -$0.003302 (-15.25%) below its 30-day high of $0.02165489. Additionally, FREED is above its average price of $0.015285425 over the past month of trading with its current price of $0.018353375. Overall, the recent trading history of Freedomcoin suggest that traders are currently bullish on the coin. FREED has a relatively low market cap for a coin with a total market value of $121,212.80. Freedomcoin'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. Freedomcoin's average volume meanwhile is low with $1,569.23 worth of the coin traded over a typical 24 hour period. FREED'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, FREED's volume is below its average with $125.85 exchanged.

Summary

FREED's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the coin in the short-term. Click Here to get the full Report on Freedomcoin (FREED).