Should You Buy Knekted (KNT) Saturday?

Saturday, January 22, 2022 10:01 AM | InvestorsObserver Analysts

Knekted receives a weak short-term technical ranking of 16 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. KNT has a superior recent technical analysis than 16% 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 Knekted a 16 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Knekted!

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Trading Analysis

KNT is currently $0.000000 (0.00%) above its 30-day low of $0.000024564 and -$0.000150 (-85.90%) below its 30-day high of $0.00017416. Additionally, KNT is under its average price of $0.000056957 over the past month of trading with its current price of $0.000024564. Overall, the recent trading history of Knekted suggest that traders are currently bearish on the token. Knekted's market cap of $13,489.44 is relatively low for a token. Knekted'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. Meanwhile, KNT's average volume is low with $43.26 worth of the token traded over an average 24 hour period. KNT'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 last 24 hours, KNT's volume is below its usual with $6.20 exchanged.

Summary

Knekted's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Knekted (KNT).