Is Sakura Bloom (SKB) Heading the Right Direction Wednesday?

Wednesday, May 10, 2023 02:28 PM | InvestorsObserver Analysts

Sakura Bloom receives a weak short-term technical ranking of 8 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. SKB has a superior recent technical analysis than 8% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Sakura Bloom a 8 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Sakura Bloom!
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Trading Analysis

SKB is currently $0.000000 (0.00%) above its 30-day low of $0.000036730 and -$0.000148 (-80.12%) below its 30-day high of $0.00018473. Additionally, SKB is under its average price of $0.000069258 over the past month of trading with its current price of $0.000036730. Overall, the recent trading history of Sakura Bloom suggest that traders are currently bearish on the token.
SKB has a relatively low market cap for a token with a total market value of $94,872.06. Sakura Bloom'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. Sakura Bloom's average volume meanwhile is low with $333,605.94 worth of the token traded over a typical 24 hour period. SKB'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, SKB's volume is below its average with $52,923.78 exchanged.

Summary

Sakura Bloom'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 Sakura Bloom (SKB).

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