What do the Short-Term Technicals Predict for Fortuna (FOTA) Wednesday?

Fortuna receives a strong short-term technical score of 97 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. FOTA holds a better recent technical analysis than 97% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Fortuna a 97 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Fortuna!

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Trading Analysis

FOTA is currently $0.000381 (218.20%) above its 30-day low of $0.000174517 and -$0.019277 (-97.20%) below its 30-day high of $0.01983269. Additionally, FOTA is above its average price of $0.000455853 over the past month of trading with its current price of $0.000555319. Overall, the recent trading history of Fortuna suggest that traders are currently bullish on the token. FOTA has a relatively low market cap for a token with a total market value of $266,551.48. Fortuna'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. Fortuna's average volume meanwhile is low with $182.97 worth of the token traded over a typical 24 hour period. FOTA'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, FOTA's volume is below its average with $158.18 exchanged. Fortuna'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

Fortuna'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 Fortuna (FOTA).