Should You Sell Ninneko (NINO) Saturday?

Saturday, March 30, 2024 05:20 PM | InvestorsObserver Analysts

InvestorsObserver gives Ninneko a weak long-term technical score of 12 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. NINO at this time has a superior long-term technical analysis score than 12% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving Ninneko a 12 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ninneko!

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Trading Analysis

The current trading price of $0.008158251 for NINO is $0.0045069 (123.43%) above the tokens 100-day moving average of $0.003651388. NINO meanwhile is $0.0069298 (-894796.65%) above its 52-week low of $0.001228418 and -$0.03650975 (-22369.13%) under its 52-week high price of $0.044667996. Ninneko's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 12. The price movement and range of NINO suggest that investors are bearish on the token at this time. Ninneko currently has a total market cap of $529,505.34 to go along with its average daily volume of $1,266,627.42 worth of the currency over the past seven days. NINO's volume is below its seven day average as of the past 24 hours, with 173,463.54 exchanged in that period. This token'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

Technical analysis of Ninneko over the past year results in the crypto receiving a a weak long-term technical score of 12 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on Ninneko (NINO).