Is Quantstamp (QSP) Trending Lower or Higher Sunday?

Sunday, August 21, 2022 09:36 AM | InvestorsObserver Analysts

Quantstamp receives a strong short-term technical ranking of 89 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. QSP has a superior recent technical analysis than 89% 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 Quantstamp a 89 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Quantstamp!

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Trading Analysis

Quantstamp is $0.009847 (70.06%) higher than its 30-day low price of $0.014056043 while also -$0.011017 (-31.55%) lower than its high of $0.03492029 from the past month of trading. Meanwhile, QSP's current price of $0.023903234 is above its average price of $0.022969584 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Quantstamp suggest that traders are currently bullish on the token. Quantstamp's market cap of $17,062,175.25 is relatively average for a token. The market valuation for Quantstamp is relatively average due to the largest 100 cryptos having a market cap above $1 billion and QSP sits underneath that mark but remains above $100 million in market capilization. Meanwhile, QSP's average volume is average with $6,799,588.16 worth of the token traded over an average 24 hour period. The volume for QSP is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, QSP's volume is below its usual with $943,764.00 exchanged. Quantstamp's subclass Smart Contracts: A computer program designed to automatically execute when predetermined conditions are satisfied. Typically used to execute transactions quickly and automatically, with terms written directly into lines of code.

Summary

Quantstamp'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 Quantstamp (QSP).