Is Kuende (KUE) Heading the Wrong Direction Monday?

News Home

Monday, May 23, 2022 01:35 PM | InvestorsObserver Analysts

InvestorsObserver gives Kuende a weak short-term technical score of 3 from its analysis. The proprietary scoring system considers the token’s trading history over the past month to determine the strength of its short-term technicals. KUE has currently traded better than 3% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short-Term Technical - 3
InvestorsObserver is giving Kuende a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Kuende!

Trading Analysis

Kuende is $0.000000 (0.01%) higher than its 30-day low price of $0.000037393 while also -$0.000462 (-92.51%) lower than its high of $0.00049950 from the past month of trading. Meanwhile, KUE’s current price of $0.000037395 is under its average price of $0.000161528 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Kuende suggest that traders are currently bearish on the token.

KUE has a relatively low market cap for a token with a total market value of $33,411.30. Kuende’s relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Kuende’s average volume meanwhile is low with $3.92 worth of the token traded over a typical 24 hour period. KUE’s volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. As of the past 24 hours, KUE’s volume is below its average with $0.56 exchanged.

Kuende’s subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

Kuende’s trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future.

Click Here to get the full Report on Kuende (KUE).

You May Also Like


Be the first to comment

Leave a Reply

Your email address will not be published.


*