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Is SCRIV NETWORK (SCRIV) Heading the Wrong Direction Wednesday?

Wednesday, January 19, 2022 10:37 AM | InvestorsObserver Analysts
Is SCRIV NETWORK (SCRIV) Heading the Wrong Direction Wednesday?

InvestorsObserver gives SCRIV NETWORK a strong short-term technical score of 83 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. SCRIV has currently traded better than 83% of coins 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.

Short-Term Technical - 83
InvestorsObserver is giving SCRIV NETWORK a 83 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SCRIV NETWORK!

Trading Analysis

SCRIV NETWORK is $0.000215 (28.48%) higher than its 30-day low price of $0.000756135 while also -$0.000690 (-41.51%) lower than its high of $0.00166102 from the past month of trading. Meanwhile, SCRIV's current price of $0.000971499 is above its average price of $0.000955093 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of SCRIV NETWORK suggest that traders are currently bullish on the coin. SCRIV has a low market cap compared to the majority of coins with a total market value of $24,039.13. SCRIV NETWORK'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. SCRIV NETWORK's average volume is low as $166.24 worth of the coin is typically traded over a 24 hour period. SCRIV'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 SCRIV's volume is below its average with $24.37 exchanged.

Summary

SCRIV's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the coin in the short-term. Click Here to get the full Report on SCRIV NETWORK (SCRIV).

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