What do the Short-Term Technicals Predict for Freicoin (FRC) Saturday?

Saturday, August 06, 2022 01:49 PM | InvestorsObserver Analysts

Freicoin receives a weak short-term technical score of 23 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. FRC holds a better recent technical analysis than 23% of coins 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 Freicoin a 23 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Freicoin!

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Trading Analysis

Freicoin is $0.000077 (3.11%) above its 30-day low of $0.002473427 while -$0.001321 (-34.13%) below its 30-day high of $0.00387149. In addition, FRC's current price of $0.002550341 is under its 30-day moving average price of $0.003246375, leading to a weak short-term technical score. Overall the recent trading history of Freicoin suggest that investors are bearish on the coin at the moment. Currently, volume and market capitalization data for FRC are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find coins such as Freicoin extra intriguing.

Summary

Freicoin's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future. Click Here to get the full Report on Freicoin (FRC).