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What do the Short-Term Technicals Predict for Qrkita Token (QRT) Monday?

Monday, May 29, 2023 07:47 PM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for Qrkita Token (QRT) Monday?

Qrkita Token receives a weak short-term technical ranking of 30 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. QRT has a superior recent technical analysis than 30% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short-Term Technical - 30
InvestorsObserver is giving Qrkita Token a 30 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Qrkita Token!

Trading Analysis

Qrkita Token is $0.000000 (43.74%) above its 30-day low of $0.000000730 while -$0.000003 (-72.22%) below its 30-day high of $0.00000378. In addition, QRT's current price of $0.000001049 is under its 30-day moving average price of $0.000001607, leading to a weak short-term technical score. Overall the recent trading history of Qrkita Token suggest that investors are bearish on the token at the moment.
QRT has a relatively low market cap for a token with a total market value of $104,849.54. Qrkita Token'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. Qrkita Token's average volume meanwhile is low with $1,761.76 worth of the token traded over a typical 24 hour period. QRT'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, QRT's volume is below its average with $241.41 exchanged.

Summary

QRT's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on Qrkita Token (QRT).

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