What do the short-term technicals predict for Royale Finance (ROYA) on Friday?

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Friday 07 October 2022 16:29 | InvestorsObservers Analysts

Royale Finance receives a strong short-term technical rating of 79 from InvestorsObserver data analysis. The proprietary ranking system focuses on recent trade trends over the past month to determine the strength of its short-term techniques. ROYA has a recent technical analysis of over 79% of the tokens based on these trading metrics. Investors primarily focused on short-term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short term technique - 79
InvestorsObserver gives Royale Finance a technical rank of 79 in the short term. Find out what this means for you and get the rest of the rankings on Royale Finance!

Business analysis

Royal Finance is $0.001379 (62.24%) higher than its 30-day low of $0.002216314, while also $0.000000 (0.00%) lower than its high of $0.00359584 from the previous trading month. Meanwhile, ROYA’s current price of $0.003595812 is above its average price of $0.002768944 set over the last month of trading, leading to a strong technical score in the short term. In summary, Royale Finance’s recent trading history suggests that traders are currently bullish on the token. ROYA has a low market cap compared to the majority of tokens with a total market value of $196,297.23. Royale Finance’s relatively low market value stems from it sitting below $100 million, while the top 100 cryptos remain above $1 billion in market capitalization and the top 500 sits above $100 million. Royale Finance’s average volume is low as $829.91 of the token is typically traded in a 24-hour period. ROYA’s volume is relatively low, as the top 100 most traded cryptos typically have $100 million traded daily and smaller cryptos tend to be less than $5 million traded in 24 hours. In the past 24 hours, ROYA’s volume is below its average with $28.56 traded. Gaming subclass of Royale Finance: Gaming cryptocurrencies are similar to traditional gaming rewards or items, but are decentralized and exist on the blockchain, allowing users to own the items they acquire in-game , such as XP, weapons and skins that can be traded. with other uses. This subclass also includes tokens used in games of chance and other forms of entertainment.

Summary

Royale Finance’s trading over the past 30 days has earned it a strong short-term technical score due to recent price movement suggesting more bullish signals for traders in the token in the near future. Click here for the full report on Royale Finance (ROYA).

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