Is SifChain (erowan) Heading the Right Direction Tuesday?

Tuesday, November 01, 2022 05:43 PM | InvestorsObserver Analysts

SifChain receives a weak short-term technical score of 19 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. erowan holds a better recent technical analysis than 19% 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 SifChain a 19 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SifChain!

See Full Report

Trading Analysis

erowan is currently $0.000059 (3.13%) above its 30-day low of $0.001901374 and -$0.010019 (-83.63%) below its 30-day high of $0.01197975. Additionally, erowan is under its average price of $0.006119584 over the past month of trading with its current price of $0.001960794. Overall, the recent trading history of SifChain suggest that traders are currently bearish on the coin. SifChain's market cap of $4,646,457.31 is relatively low for a coin. SifChain'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, erowan's average volume is low with $674,981.30 worth of the coin traded over an average 24 hour period. erowan'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, erowan's volume is below its usual with $70,884.05 exchanged.

Summary

erowan'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 coin in the short-term. Click Here to get the full Report on SifChain (erowan).