Wabi (WABI): Does it Score Well on Short-Term Trading Metrics Thursday?

Thursday, June 01, 2023 03:28 PM | InvestorsObserver Analysts

Wabi receives a strong short-term technical ranking of 93 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. WABI has a superior recent technical analysis than 93% 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 Wabi a 93 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Wabi!

Trading Analysis

Wabi is $0.000901 (90.10%) higher than its 30-day low price of $0.000999642 while also -$0.002903 (-60.44%) lower than its high of $0.00480359 from the past month of trading. Meanwhile, WABI's current price of $0.001900344 is above its average price of $0.001427648 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Wabi suggest that traders are currently bullish on the token.
WABI has a relatively low market cap for a token with a total market value of $190,034.38. Wabi'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. Wabi's average volume meanwhile is low with $126.28 worth of the token traded over a typical 24 hour period. WABI'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, WABI's volume is below its average with $19.83 exchanged. Wabi's subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.

Summary

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

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