What do the Short-Term Technicals Predict for Nasdacoin (NSD) Saturday?

Saturday, April 01, 2023 12:16 PM | InvestorsObserver Analysts

InvestorsObserver gives Nasdacoin a weak short-term technical score of 28 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. NSD has currently traded better than 28% of coins 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 Nasdacoin a 28 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Nasdacoin!

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Trading Analysis

Nasdacoin is $0.000194 (27.77%) above its 30-day low of $0.000698689 while -$0.000380 (-29.83%) below its 30-day high of $0.00127230. In addition, NSD's current price of $0.000892708 is under its 30-day moving average price of $0.000964484, leading to a weak short-term technical score. Overall the recent trading history of Nasdacoin suggest that investors are bearish on the coin at the moment. NSD has a low market cap compared to the majority of coins with a total market value of $26,127.59. Nasdacoin'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. Nasdacoin's average volume is low as $25,260.42 worth of the coin is typically traded over a 24 hour period. NSD'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. Over the past 24 hours NSD's volume is below its average with $3,682.51 exchanged.

Summary

Nasdacoin's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on Nasdacoin (NSD).