Is Revain (REV) trending down or up on Tuesday?

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Tuesday, November 22, 2022 11:48 am | InvestorsObserver Analysts

Is Revain (REV) trending down or up on Tuesday?

InvestorsObserver gives Revain a strong short-term technical score of 94 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, REV is currently trading better than 94% 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 - 94
InvestorsObserver gives Revain a short-term technical rank of 94. Find out what that means for you and get the rest of the rankings on Revain!

Trade Analysis

Revain is up $0.000433 (198.32%) from its 30-day low of $0.000218522, while it is also down -$0.000446 (-40.63%) from its high of $0.00109796 the last trading month. Meanwhile, REV’s current price of $0.000651896 is below its average price of $0.000673860 set over the last trading month, making for a strong short-term technical result. To sum up, Revain’s recent trading history suggests that traders are currently bullish on the token. REV has an average market cap compared to most tokens with a total market value of $55,451,227.27. The market valuation for Revain is relatively average as the 100 largest cryptos have a market cap of over $1 billion and REV is below that mark but remains over $100 million in market cap. Revain’s average volume is average as the token, valued at $2,529,570.25, typically trades over a 24-hour period. The volume for REV is relatively average as the top 100 cryptos traded have around $100 million worth of crypto over a 24 hour period and a large chunk of the market is worth at least $5 million each day. Over the past 24 hours, REV’s volume has been below its average at $345,865.39. Revain’s Smart Contracts subclass: 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

Revain’s price action over the past month has produced a strong short-term technical as recent trading has provided more bullish signals for traders regarding the token’s short-term movement. For the full Revain (REV) report, click here.

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