Is SafeInsure (SINS) Trending Lower or Higher Tuesday?

Tuesday, November 08, 2022 02:37 PM | InvestorsObserver Analysts

SafeInsure receives a weak short-term technical score of 2 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. SINS holds a better recent technical analysis than 2% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving SafeInsure a 2 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SafeInsure!

See Full Report

Trading Analysis

SafeInsure is $0.000000 (0.00%) higher than its 30-day low price of $0.000457692 while also -$0.008207 (-94.72%) lower than its high of $0.00866486 from the past month of trading. Meanwhile, SINS's current price of $0.000457692 is under its average price of $0.001065448 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of SafeInsure suggest that traders are currently bearish on the coin. SafeInsure's market cap of $10,666.90 is relatively low for a coin. SafeInsure'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, SINS's average volume is low with $0.66 worth of the coin traded over an average 24 hour period. SINS'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, SINS's volume is below its usual with $0.09 exchanged.

Summary

SafeInsure'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 coin's short-term movement. Click Here to get the full Report on SafeInsure (SINS).