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Is Unitrade (TRADE) trending down or up on Thursday?

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Thursday, June 02, 2022 12:30 p.m. | InvestorsObserver Analysts

Is Unitrade (TRADE) trending down or up on Thursday?

Unitrade receives a strong short-term technical score of 92 InvestorsObserver Analysis. Our proprietary scoring system takes into account the token’s recent trading patterns by looking at price action to determine if it’s trending in the right direction. TRADE has better current technical analysis than 92% of tokens at current price. Investors focused on short-term growth and looking for hot and trending coins will find Short-Term Rank particularly relevant when allocating their wealth.

Short term technical - 92
InvestorsObserver gives Unitrade a short-term technical rank of 92. Find out what that means for you and get the rest of the rankings on Unitrade!

Trade Analysis

Unitrade is up $0.039517 (384.34%) from its 30-day low of $0.010281944, while also -$0.160889 (-76.36%) off its high of $0.21068852 the last trading month. Meanwhile, TRADE’s current price of $0.049799248 is above its average price of $0.034628156 set over the last trading month, resulting in a strong short-term technical result. To sum up, Unitrade’s recent trading history suggests that traders are currently bullish on the token. Unitrade’s market cap of $979,741.31 is relatively low for a token. Unitrade’s relatively low market value comes from being under $100 million, while the top 100 cryptos have a market cap of over $1 billion and the top 500 over $100 million. Meanwhile, TRADE’s average volume is low as the token trades $13,462,427.29 over an average 24-hour period. TRADE’s volume is relatively small, with the top 100 cryptos typically exchanging $100 million per day and smaller cryptos typically below $5 million trading over 24 hours. In the last 24 hours, TRADE’s volume was below normal with an exchange of $1,807,292.55. Unitrade’s Decentralized Finance subclass: DeFi, or decentralized finance, tokens are tokens created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs of brokers, exchanges and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

summary

Unitrade’s trading over the past 30 days produces a strong short-term technical as recent price action suggests more bullish signals for traders on the token in the near-term. Click here for the full report on Unitrade (TRADE).

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