What do the Short-Term Technicals Predict for Ritocoin (RITO) Sunday?

Sunday, January 23, 2022 09:09 AM | InvestorsObserver Analysts

InvestorsObserver gives Ritocoin a strong short-term technical score of 91 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. RITO has currently traded better than 91% 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 Ritocoin a 91 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ritocoin!

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Trading Analysis

RITO is currently $0.000065 (94.96%) above its 30-day low of $0.000068699 and -$0.000114 (-46.08%) below its 30-day high of $0.00024840. Additionally, RITO is above its average price of $0.000133512 over the past month of trading with its current price of $0.000133934. Overall, the recent trading history of Ritocoin suggest that traders are currently bullish on the coin. RITO has a relatively low market cap for a coin with a total market value of $222,352.00. Ritocoin'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. Ritocoin's average volume meanwhile is low with $952.15 worth of the coin traded over a typical 24 hour period. RITO'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, RITO's volume is below its average with $126.32 exchanged.

Summary

RITO's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the coin in the short-term. Click Here to get the full Report on Ritocoin (RITO).