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Is SkyHub Coin (SHB) Trending Lower or Higher Wednesday?

Wednesday, May 25, 2022 11:05 AM | InvestorsObserver Analysts
Is SkyHub Coin (SHB) Trending Lower or Higher Wednesday?

SkyHub Coin receives a weak short-term technical ranking of 2 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. SHB has a superior recent technical analysis than 2% of coins 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 - 2
InvestorsObserver is giving SkyHub Coin a 2 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SkyHub Coin!

Trading Analysis

SkyHub Coin is $0.000011 (0.11%) higher than its 30-day low price of $0.010402970 while also -$0.016457 (-61.24%) lower than its high of $0.02687117 from the past month of trading. Meanwhile, SHB's current price of $0.010414106 is under its average price of $0.021437187 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of SkyHub Coin suggest that traders are currently bearish on the coin.
SHB has a relatively low market cap for a coin with a total market value of $6,700.57. SkyHub Coin'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. SkyHub Coin's average volume meanwhile is low with $844.83 worth of the coin traded over a typical 24 hour period. SHB'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, SHB's volume is below its average with $123.92 exchanged.

Summary

SkyHub Coin'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 SkyHub Coin (SHB).

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