Is Smooth Love Potion (SLP) Trending Lower or Higher Sunday?

Sunday, July 02, 2023 06:36 AM | InvestorsObserver Analysts

Smooth Love Potion receives a weak short-term technical ranking of 17 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. SLP has a superior recent technical analysis than 17% 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.

InvestorsObserver is giving Smooth Love Potion a 17 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Smooth Love Potion!

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Trading Analysis

SLP is currently $0.000322 (23.26%) above its 30-day low of $0.001384447 and -$0.000534 (-23.83%) below its 30-day high of $0.00224050. Additionally, SLP is under its average price of $0.001749853 over the past month of trading with its current price of $0.001706480. Overall, the recent trading history of Smooth Love Potion suggest that traders are currently bearish on the token. SLP has a average market cap compared to the majority of tokens with a total market value of $71,465,643.56. The market valuation for Smooth Love Potion is relatively average due to the largest 100 cryptos having a market cap above $1 billion and SLP sits underneath that mark but remains above $100 million in market capilization. Smooth Love Potion's average volume is average as $51,780,196.87 worth of the token is typically traded over a 24 hour period. The volume for SLP is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours SLP's volume is below its average with $7,344,670.75 exchanged.

Summary

Smooth Love Potion's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on Smooth Love Potion (SLP).