Should You Buy Nasdacoin (NSD) Friday?

Friday, March 04, 2022 07:52 PM | InvestorsObserver Analysts

Nasdacoin receives a strong short-term technical ranking of 69 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. NSD has a superior recent technical analysis than 69% 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 Nasdacoin a 69 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Nasdacoin!

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Trading Analysis

NSD is currently $0.000636 (57.39%) above its 30-day low of $0.001107681 and -$0.001483 (-45.96%) below its 30-day high of $0.00322622. Additionally, NSD is under its average price of $0.001932940 over the past month of trading with its current price of $0.001743415. Overall, the recent trading history of Nasdacoin suggest that traders are currently bullish on the coin. NSD has a low market cap compared to the majority of coins with a total market value of $47,848.28. Nasdacoin'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. Nasdacoin's average volume is low as $39,444.18 worth of the coin is typically traded over a 24 hour period. NSD'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 past 24 hours NSD's volume is below its average with $5,162.31 exchanged.

Summary

Nasdacoin's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin's short-term movement. Click Here to get the full Report on Nasdacoin (NSD).