Should You Buy Hawksight (HAWK) Friday?

Friday, May 19, 2023 11:20 AM | InvestorsObserver Analysts

Hawksight receives a weak short-term technical ranking of 17 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. HAWK has a superior recent technical analysis than 17% 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 Hawksight a 17 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Hawksight!

Trading Analysis

HAWK is currently $0.000094 (7.30%) above its 30-day low of $0.001282930 and -$0.002741 (-66.57%) below its 30-day high of $0.00411781. Additionally, HAWK is under its average price of $0.002278226 over the past month of trading with its current price of $0.001376520. Overall, the recent trading history of Hawksight suggest that traders are currently bearish on the token.
Hawksight's market cap of $288,800.67 is relatively low for a token. Hawksight'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. Meanwhile, HAWK's average volume is low with $268,236.96 worth of the token traded over an average 24 hour period. HAWK'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. Over the last 24 hours, HAWK's volume is below its usual with $34,112.26 exchanged. Hawksight's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for 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

Hawksight's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Hawksight (HAWK).

Share this article: