Is Bonfida (FIDA) lower or higher on Wednesday?

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Wednesday, November 23, 2022 6:55 PM | InvestorsObserver Analysts

Is Bonfida (FIDA) lower or higher on Wednesday?

InvestorsObserver gives Bonfida a strong long-term technical score of 91 from its research. The proprietary rating system takes into account the historical trading patterns of the last few months to a year of the token’s support and resistance levels, in addition to where it stands in relation to long-term averages. The analysis helps determine if this is a strong buy-and-hold investment opportunity for traders right now. FIDA currently has a superior long-term technical analysis value than 91% of the cryptos in circulation. Long-Term Rank is most relevant for buy-and-hold investors looking for strong, steady growth in allocating their wealth. The combination of a high long-term and short-term technical score will also help portfolio managers spot tokens that have bottomed out.

Long term technical - 91
InvestorsObserver gives Bonfida a long-term technical rank of 91. Find out what that means for you and get the rest of the rankings on Bonfida!

Trade Analysis

Bonfida’s price is $0.0800000 (19.68%) above the 100-day moving average price of $0.4100000000 as the price is currently at $0.4900000000. Additionally, FIDA is up $0.2900000 (-5320.12%) from its 52-week low of $0.2000000000, while -$8.90000000 (-101.33%) below its 52-week high of $9.39 billion lies. The current trading price relative to its long-term average along with its 52-week high and low gives FIDA a strong long-term technical score of 91. Bonfida’s long-term trading movement suggests investors are neutral on the token at the moment. Bonfida currently has a total market cap of $21,739,591.64, which is the currency’s average daily volume of $244,664,546.90 over the past seven days. FIDA’s volume is 37,967,567.64 exchanged during this period, down from the seven-day moving average over the last 24 hours. The subclass of this token Decentralized Finance: DeFi or decentralized finance, tokens are tokens created as an alternative to traditional financial institutions. These tokens aim 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

FIDA’s historical trading over the past year gives it a strong long-term technical score of 91, as its price action over this period has given investors reason to be neutral on the token over the long term. Click here for the full Bonfida (FIDA) report.

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