Is LuaSwap (LUA) Trending Lower or Higher Thursday?

Thursday, March 28, 2024 01:08 PM | InvestorsObserver Analysts

LuaSwap receives a weak long-term technical score of 1 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. LUA currently holds a superior long-term technical analysis score than 1% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving LuaSwap a 1 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on LuaSwap!

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Trading Analysis

LuaSwap's price is -$0.0006225 (-99.28%) below its 100-day moving average price of $0.000626995 as its price at the moment sits at $0.000004490. Additionally, LUA is $0.0000012 (-329345517.86%) higher than its 52-week low price of $0.000003340 while -$0.01131138 (-88371.40%) under its 52-week high of $0.011315873. The current trading price in relation to its long-term average along with its 52-week high and low, gives LUA an average long-term technical score of 1. Long-term trading movement of LuaSwap suggest that investors are bearish on the token at the moment. LuaSwap has a total market value of $973.70 with an low average daily volume of $15,824.51 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, LUA's volume is below its average with $2,443.56 exchanged in total. This token'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

Technical analysis of LuaSwap over the past year results in the crypto receiving a a weak long-term technical score of 1 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on LuaSwap (LUA).