What do the Short-Term Technicals Predict for NewYorkCoin (NYC) Friday?

InvestorsObserver gives NewYorkCoin a strong short-term technical score of 95 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. NYC has currently traded better than 95% 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 NewYorkCoin a 95 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on NewYorkCoin!

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Trading Analysis

NewYorkCoin is $0.000003 (64.75%) higher than its 30-day low price of $0.000004370 while also -$0.000003 (-28.00%) lower than its high of $0.00001000 from the past month of trading. Meanwhile, NYC's current price of $0.000007199 is above its average price of $0.000006711 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of NewYorkCoin suggest that traders are currently bullish on the coin. NYC has a relatively low market cap for a coin with a total market value of $1,034,974.14. NewYorkCoin'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. NewYorkCoin's average volume meanwhile is low with $9,656.10 worth of the coin traded over a typical 24 hour period. NYC'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, NYC's volume is below its average with $1,420.51 exchanged. NewYorkCoin's subclass Payments/Other: A coin used as payment for good and services or middle-man platform that allows investors to use other cryptocurrencies for payments, money transfers, withdrawals, deposits, and other functions. These coins are typically more specialized than the Digital Money coins that try to replicate all the functions of cash.

Summary

NewYorkCoin'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 coin in the near future. Click Here to get the full Report on NewYorkCoin (NYC).