Should You Buy Rune Shards (RXS) Thursday?

Thursday, July 06, 2023 06:28 PM | InvestorsObserver Analysts

Rune Shards receives a strong short-term technical ranking of 66 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. RXS has a superior recent technical analysis than 66% 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 Rune Shards a 66 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Rune Shards!

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Trading Analysis

RXS is currently $0.000002 (0.29%) above its 30-day low of $0.000794578 and -$0.000077 (-8.78%) below its 30-day high of $0.00087365. Additionally, RXS is under its average price of $0.000832293 over the past month of trading with its current price of $0.000796920. Overall, the recent trading history of Rune Shards suggest that traders are currently bullish on the token. RXS has a low market cap compared to the majority of tokens with a total market value of $144,485.65. Rune Shards'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. Rune Shards's average volume is low as $54.77 worth of the token is typically traded over a 24 hour period. RXS'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 RXS's volume is below its average with $7.99 exchanged. Rune Shards's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

RXS'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 Rune Shards (RXS).