Are you curious about the short-term potential of Rage Fan? In this article, we delve into the token's recent trading patterns and provide insights into its short-term technical score. Whether you're an investor seeking hot and trendy coins or simply interested in the crypto market, understanding the short-term outlook of Rage Fan is crucial. Join me as we explore the key factors that contribute to its technical score and what it means for traders. Let's dive in!
Understanding the Short-Term Technical Score
Uncover the importance of the short-term technical score and its relevance for traders
The short-term technical score plays a vital role in evaluating the potential of a token like Rage Fan. It provides valuable insights into the recent trading patterns and price movements, helping traders make informed decisions. By understanding the short-term technical score, investors can gauge whether the token is trending in the right direction and determine its suitability for short-term growth.
But how exactly is the short-term technical score calculated? It takes into account the recent price movement of the token and compares it to other tokens in the market. This score helps identify whether Rage Fan is performing better or worse than its counterparts. Let's explore the factors that contribute to the short-term technical score and how it can impact your trading strategy.
Analyzing Recent Trading Patterns
Dive into the recent trading history of Rage Fan and its implications for traders
To understand the short-term potential of Rage Fan, it's crucial to analyze its recent trading patterns. Currently, the token is trading at $0.000099, which is 18.90% above its 30-day low of $0.000521554. However, it is also $0.000188 (23.30%) below its 30-day high of $0.00080847.
Rage Fan's average price over the past month stands at $0.000661225, indicating that it is currently trading below its average. This suggests that traders are bearish on the token, as it is not performing as well as expected. It's important to consider these trading patterns when assessing the short-term outlook of Rage Fan.
Market Cap and Trading Volume
Explore the market cap and trading volume of Rage Fan and its significance in the crypto market
Rage Fan's market cap currently stands at $35,173.07, which is relatively low compared to other tokens. While the top 100 cryptocurrencies have market caps above $1 billion and the top 500 have market caps above $100 million, Rage Fan falls below these benchmarks.
In terms of trading volume, Rage Fan has an average daily volume of $147,735.06. Although this volume is relatively low compared to the most traded cryptocurrencies, which often exceed $100 million per day, it's important to note that smaller tokens typically have lower trading volumes.
Over the last 24 hours, Rage Fan's trading volume has been below its usual levels, with only $21,885.66 exchanged. These figures highlight the importance of considering market cap and trading volume when evaluating the short-term potential of Rage Fan.
Exploring the Subclass of Rage Fan
Delve into the subclass of Rage Fan and its connection to non-fungible tokens (NFTs)
Rage Fan belongs to the subclass of Art, Collectibles, and Non-Fungible Tokens (NFTs). Non-fungible tokens are unique digital assets stored on a blockchain, often representing real-world items like photos, videos, or other forms of digital art.
This subclass also encompasses tokens used for buying, selling, or collecting art and other digital goods. As NFTs continue to gain popularity in the crypto market, understanding the subclass of Rage Fan provides valuable insights into its potential and relevance within the digital art space.
