Is LlamaSwap (LAMA) Heading the Right Direction Wednesday?

Wednesday, December 22, 2021 07:32 AM | InvestorsObserver Analysts

InvestorsObserver gives LlamaSwap a weak short-term technical score of 4 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. LAMA has currently traded better than 4% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving LlamaSwap a 4 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on LlamaSwap!

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Trading Analysis

LlamaSwap is $0.000041 (0.45%) above its 30-day low of $0.009072881 while -$0.028942 (-76.05%) below its 30-day high of $0.03805561. In addition, LAMA's current price of $0.009114096 is under its 30-day moving average price of $0.020640774, leading to a weak short-term technical score. Overall the recent trading history of LlamaSwap suggest that investors are bearish on the token at the moment. LAMA has a low market cap compared to the majority of tokens with a total market value of $0.00. LlamaSwap'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. LlamaSwap's average volume is low as $399.33 worth of the token is typically traded over a 24 hour period. LAMA'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 past 24 hours LAMA's volume is below its average with $53.53 exchanged.

Summary

LlamaSwap'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 LlamaSwap (LAMA).