Is Hydro (HYDRO) lower or higher on Saturday?

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Saturday, November 19, 2022 5:59 pm | InvestorsObserver Analysts

Is Hydro (HYDRO) lower or higher on Saturday?

InvestorsObserver gives Hydro a weak short-term technical score of 28 from its analysis. The proprietary rating system takes into account the token’s trading history over the past month to determine the strength of its short-term technicals. Based on these metrics, HYDRO has currently traded more than 28% of the tokens. Investors focused on healthy recent trading patterns should consider the short-term technical ranking system to be more relevant when making investment decisions.

Short term technical - 28
InvestorsObserver gives Hydro a short-term technical rank of 28. Find out what that means for you and get the rest of the leaderboard on Hydro!

Trade Analysis

Hydro is up $0.000299 (11.56%) from its 30-day low of $0.002589286, while -$0.000980 (-25.33%) is below its 30-day high of 0.00386863 $ lies. Additionally, HYDRO’s current price of $0.002888586 is below its 30-day moving average price of $0.003241112, resulting in a weak short-term technical. Overall, Hydro’s recent trading history suggests that investors are bearish on the token at the moment. Hydro’s market cap of $238,439.78 is relatively low for a token. Hydro’s relatively low market value is because it is under $100 million, while the top 100 cryptos have a market cap of over $1 billion and the top 500 over $100 million. Meanwhile, HYDRO’s average volume is low, with the token trading at $32,197.70 over an average 24-hour period. HYDRO’s volume is relatively low as the top 100 cryptos are typically exchanging $100 million per day and smaller cryptos are typically under $5 million trading over 24 hours. In the last 24 hours, HYDRO’s volume was below the usual at $6,918.88. Hydro’s subclass Smart Contracts: A computer program designed to run automatically when predetermined conditions are met. Typically used to perform transactions quickly and automatically, putting terms directly into lines of code.

summary

HYDRO’s recent trading over the past month gives it a weak short-term technical rating as recent price action gives traders reason to be more bearish against the token in the short-term. Click here for the full Hydro (HYDRO) report.

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