News Home

Is Sakura Bloom (SKB) Trending Lower or Higher Wednesday?

Wednesday, February 02, 2022 12:14 PM | InvestorsObserver Analysts
Is Sakura Bloom (SKB) Trending Lower or Higher Wednesday?

Sakura Bloom receives a weak short-term technical ranking of 3 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. SKB has a superior recent technical analysis than 3% 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.

Short-Term Technical - 3
InvestorsObserver is giving Sakura Bloom a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Sakura Bloom!

Trading Analysis

Sakura Bloom is $0.000013 (62.80%) above its 30-day low of $0.000021022 while -$0.000381 (-91.76%) below its 30-day high of $0.00041536. In addition, SKB's current price of $0.000034225 is under its 30-day moving average price of $0.000116541, leading to a weak short-term technical score. Overall the recent trading history of Sakura Bloom suggest that investors are bearish on the token at the moment. SKB has a relatively low market cap for a token with a total market value of $88,401.59. Sakura Bloom'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. Sakura Bloom's average volume meanwhile is low with $96.53 worth of the token traded over a typical 24 hour period. SKB'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, SKB's volume is below its average with $14.35 exchanged.


SKB's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on Sakura Bloom (SKB).

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App