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What do the Short-Term Technicals Predict for OneRoot Network (RNT) Friday?

Friday, January 07, 2022 10:52 AM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for OneRoot Network (RNT) Friday?

InvestorsObserver gives OneRoot Network a strong short-term technical score of 95 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. RNT has currently traded better than 95% 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.

Short-Term Technical - 95
InvestorsObserver is giving OneRoot Network a 95 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on OneRoot Network!

Trading Analysis

RNT is currently $0.000597 (38.56%) above its 30-day low of $0.001548314 and -$0.000525 (-19.66%) below its 30-day high of $0.00267022. Additionally, RNT is under its average price of $0.002251791 over the past month of trading with its current price of $0.002145382. Overall, the recent trading history of OneRoot Network suggest that traders are currently bullish on the token. OneRoot Network's market cap of $609,446.76 is relatively low for a token. OneRoot Network'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. Meanwhile, RNT's average volume is low with $436,704.64 worth of the token traded over an average 24 hour period. RNT'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 last 24 hours, RNT's volume is below its usual with $68,918.88 exchanged.

Summary

OneRoot Network's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on OneRoot Network (RNT).

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