Is SKALE Network (SKL) Trending Lower or Higher Saturday?

Saturday, May 14, 2022 04:34 PM | InvestorsObserver Analysts

InvestorsObserver gives SKALE Network an average long-term technical score of 46 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. SKL at this time has a superior long-term technical analysis score than 46% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving SKALE Network a 46 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SKALE Network!

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Trading Analysis

The current trading price of $0.080000000 for SKL is -$0.0700000 (-47.94%) below the tokens 100-day moving average of $0.150000000. SKL meanwhile is $0.0200000 (-17967.10%) above its 52-week low of $0.060000000 and -$0.59000000 (-1480.05%) under its 52-week high price of $0.670000000. SKALE Network's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 46. The price movement and range of SKL suggest that investors are bearish on the token at this time. SKALE Network has a total market value of $281,313,452.41 with an average average daily volume of $133,304,808.42 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, SKL's volume is below its average with $11,055,670.91 exchanged in total. This token'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

SKL's historical trading over the past year gives it a an average long-term technical score of 46 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on SKALE Network (SKL).