What do the Short-Term Technicals Predict for UFO Gaming (UFO) Wednesday?

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Wednesday, October 18, 2023 04:24 PM | InvestorsObserver Analysts

UFO Gaming receives a strong short-term technical ranking of 82 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. UFO has a superior recent technical analysis than 82% 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.

Trading Analysis

UFO Gaming is $0.000000 (25.95%) above its 30-day low of $0.000000544 while $0.000000 (0.00%) below its 30-day high of $0.00000069. In addition, UFO’s current price of $0.000000685 is above its 30-day moving average price of $0.000000580, leading to a strong short-term technical score. Overall the recent trading history of UFO Gaming suggest that investors are bullish on the token at the moment.

UFO has a relatively average market cap for a token with a total market value of $17,645,550.81. The market valuation for UFO Gaming is relatively average due to the largest 100 cryptos having a market cap above $1 billion and UFO sits underneath that mark but remains above $100 million in market capilization. UFO Gaming’s average volume meanwhile is average with $5,732,818.41 worth of the token traded over a typical 24 hour period. The volume for UFO 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. As of the past 24 hours, UFO’s volume is below its average with $817,495.27 exchanged.

Summary

UFO’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 token in the short-term.

Click Here to get the full Report on UFO Gaming (UFO).

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