What do the Short-Term Technicals Predict for Remme (REM) Sunday?

Sunday, January 09, 2022 09:02 AM | InvestorsObserver Analysts

Remme receives a weak short-term technical ranking of 32 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. REM has a superior recent technical analysis than 32% 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.

InvestorsObserver is giving Remme a 32 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Remme!

See Full Report

Trading Analysis

REM is currently $0.000087 (13.66%) above its 30-day low of $0.000633801 and -$0.001491 (-67.42%) below its 30-day high of $0.00221148. Additionally, REM is under its average price of $0.001031652 over the past month of trading with its current price of $0.000720403. Overall, the recent trading history of Remme suggest that traders are currently bearish on the token. REM has a relatively low market cap for a token with a total market value of $720,402.91. Remme'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. Remme's average volume meanwhile is low with $630,105.17 worth of the token traded over a typical 24 hour period. REM'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, REM's volume is below its average with $86,745.88 exchanged.

Summary

Remme'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 token's short-term movement. Click Here to get the full Report on Remme (REM).