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XDC Network (XDC): Does it Score Poorly on Short-Term Trading Metrics Sunday?

Sunday, September 18, 2022 06:13 AM | InvestorsObserver Analysts
XDC Network (XDC): Does it Score Poorly on Short-Term Trading Metrics Sunday?

InvestorsObserver gives XDC Network a weak short-term technical score of 22 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. XDC has currently traded better than 22% 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.

Short-Term Technical - 22
InvestorsObserver is giving XDC Network a 22 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on XDC Network!

Trading Analysis

XDC Network is $0.001963 (7.85%) higher than its 30-day low price of $0.025017297 while also -$0.007017 (-20.64%) lower than its high of $0.03399773 from the past month of trading. Meanwhile, XDC's current price of $0.026980789 is under its average price of $0.027820299 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of XDC Network suggest that traders are currently bearish on the coin.
XDC has a average market cap compared to the majority of coins with a total market value of $331,998,951.03. The market valuation for XDC Network is relatively average due to the largest 100 cryptos having a market cap above $1 billion and XDC sits underneath that mark but remains above $100 million in market capilization. XDC Network's average volume is average as $22,763,843.17 worth of the coin is typically traded over a 24 hour period. The volume for XDC is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours XDC's volume is below its average with $1,632,617.94 exchanged.

Summary

XDC Network'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 coin's short-term movement. Click Here to get the full Report on XDC Network (XDC).

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