Carbon Protocol (SWTH) What Does the Chart Say Saturday?

Saturday, May 13, 2023 05:45 PM | InvestorsObserver Analysts

Carbon Protocol receives a weak short-term technical score of 21 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. SWTH holds a better recent technical analysis than 21% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Carbon Protocol a 21 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Carbon Protocol!

Trading Analysis

Carbon Protocol is $0.000118 (2.04%) higher than its 30-day low price of $0.005760440 while also -$0.003969 (-40.31%) lower than its high of $0.00984686 from the past month of trading. Meanwhile, SWTH's current price of $0.005878072 is under its average price of $0.007974647 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Carbon Protocol suggest that traders are currently bearish on the token.
SWTH has a relatively average market cap for a token with a total market value of $9,319,742.31. The market valuation for Carbon Protocol is relatively average due to the largest 100 cryptos having a market cap above $1 billion and SWTH sits underneath that mark but remains above $100 million in market capilization. Carbon Protocol's average volume meanwhile is average with $72,748.36 worth of the token traded over a typical 24 hour period. The volume for SWTH is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, SWTH's volume is below its average with $10,865.80 exchanged. Carbon Protocol's subclass Derivatives: Derivatives are contracts or financial tools that derive value from an underlying asset. Derivatives can be used to hedge against volatility and price swings or can be a tool for investors to speculate on the future price of the underlying asset. The most popular derivatives in the crypto market are futures, options, and perpetual contracts.

Summary

Carbon Protocol'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 Carbon Protocol (SWTH).

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