What do the Short-Term Technicals Predict for Fabric (FAB) Sunday?

Sunday, February 26, 2023 07:29 AM | InvestorsObserver Analysts

InvestorsObserver gives Fabric a strong short-term technical score of 100 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. FAB has currently traded better than 100% 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 Fabric a 100 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Fabric!

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Trading Analysis

FAB is currently $0.000001 (513.13%) above its 30-day low of $0.000000265 and $0.000000 (-17.08%) below its 30-day high of $0.00000196. Additionally, FAB is above its average price of $0.000000420 over the past month of trading with its current price of $0.000001627. Overall, the recent trading history of Fabric suggest that traders are currently bullish on the token. FAB has a relatively low market cap for a token with a total market value of $80.40. Fabric'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. Fabric's average volume meanwhile is low with $12,959.16 worth of the token traded over a typical 24 hour period. FAB'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, FAB's volume is below its average with $1,869.50 exchanged.

Summary

Fabric's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Fabric (FAB).