Is Songbird (SGB) Heading the Wrong Direction Wednesday?
Wednesday, December 01, 2021 07:47 AM | InvestorsObserver Analysts
InvestorsObserver gives Songbird a weak short-term technical score of 29 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. SGB has currently traded better than 29% of tokens 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.
is giving Songbird a 29 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Songbird!
Songbird is $0.10 (31.06%) above its 30-day low of $0.31 while -$0.26 (-38.51%) below its 30-day high of $0.67. In addition, SGB's current price of $0.41 is under its 30-day moving average price of $0.43, leading to its a weak short-term technical score. Overall the recent trading history of Songbird suggest that investors are bearish on the token at the moment.
SGB has a low market cap compared to the majority of tokens with a total market value of $0.00. Songbird'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. Songbird's average volume is low as $25,433,254.15 worth of the token is typically traded over a 24 hour period. SGB'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 SGB's volume is below its average with $3,564,854.52 exchanged.
Songbird'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 token's short-term movement.
Click Here to get the full Report on Songbird (SGB).
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