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Should You Buy Rivetz (RVT) Monday?

Monday, January 31, 2022 04:19 PM | InvestorsObserver Analysts
Should You Buy Rivetz (RVT) Monday?

InvestorsObserver gives Rivetz a strong short-term technical score of 91 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. RVT has currently traded better than 91% of tokens 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 - 91
InvestorsObserver is giving Rivetz a 91 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Rivetz!

Trading Analysis

Rivetz is $0.001067 (18.60%) higher than its 30-day low price of $0.005733785 while also -$0.003002 (-30.63%) lower than its high of $0.00980225 from the past month of trading. Meanwhile, RVT's current price of $0.006800307 is under its average price of $0.007987606 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Rivetz suggest that traders are currently bullish on the token. RVT has a low market cap compared to the majority of tokens with a total market value of $178,470.44. Rivetz'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. Rivetz's average volume is low as $185.53 worth of the token is typically traded over a 24 hour period. RVT'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 RVT's volume is below its average with $27.37 exchanged. Rivetz's subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.

Summary

RVT'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 token in the short-term. Click Here to get the full Report on Rivetz (RVT).

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