Should You Buy Rupiah Token (IDRT) Wednesday?

Wednesday, June 29, 2022 07:25 PM | InvestorsObserver Analysts

InvestorsObserver gives Rupiah Token an average short-term technical score of 64 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. IDRT has currently traded better than 64% 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.

InvestorsObserver is giving Rupiah Token a 64 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Rupiah Token!

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Trading Analysis

Rupiah Token is $0.000001 (0.85%) higher than its 30-day low price of $0.000066611 while also -$0.000002 (-3.39%) lower than its high of $0.00006953 from the past month of trading. Meanwhile, IDRT's current price of $0.000067174 is under its average price of $0.000068178 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Rupiah Token suggest that traders are currently neutral on the token. Rupiah Token's market cap of $14,465,874.71 is relatively average for a token. The market valuation for Rupiah Token is relatively average due to the largest 100 cryptos having a market cap above $1 billion and IDRT sits underneath that mark but remains above $100 million in market capilization. Meanwhile, IDRT's average volume is average with $641,264.56 worth of the token traded over an average 24 hour period. The volume for IDRT is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, IDRT's volume is below its usual with $95,980.77 exchanged. Rupiah Token's subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).

Summary

Rupiah Token's price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the token's short-term movement. Click Here to get the full Report on Rupiah Token (IDRT).