SureRemit (RMT): Does it Score Well on Short-Term Trading Metrics Thursday?

InvestorsObserver gives SureRemit a weak short-term technical score of 3 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. RMT has currently traded better than 3% 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 SureRemit a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SureRemit!

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Trading Analysis

SureRemit is $0.000000 (0.00%) higher than its 30-day low price of $0.001500515 while also -$0.004781 (-76.11%) lower than its high of $0.00628139 from the past month of trading. Meanwhile, RMT's current price of $0.001500515 is under its average price of $0.003777106 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of SureRemit suggest that traders are currently bearish on the token. RMT has a relatively low market cap for a token with a total market value of $750,257.33. SureRemit'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. SureRemit's average volume meanwhile is low with $19,198.35 worth of the token traded over a typical 24 hour period. RMT'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. As of the past 24 hours, RMT's volume is below its average with $2,616.67 exchanged. SureRemit'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

RMT's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on SureRemit (RMT).