NFT Index (NFTI) gets a neutral rating from InvestorsObserver Tuesday. The Art, Collectibles and Non-Fungible Tokens asset is down 7.78% to $662.25 while the broader crypto market is down 5.77%.
Over the last five days, NFT Index has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of NFT Index over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
NFT Index is currently trading near its five-day low of $651.098359852784. The Art, Collectibles and Non-Fungible Tokens asset is 14.88% off its five-day high and is 1.71% higher than its five-day low of $651.1.
NFT Index price is currently below support. With support set around $691.22 and resistance at $732.73, NFT Index is potentially in volatile territory as selling pushes the crypto’s price below recent support.
What is a token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Due to a lack of data, this crypto may be less suitable for some investors.
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