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Is Spell Token (SPELL) Trending Lower or Higher Saturday?

Saturday, May 14, 2022 03:43 PM | InvestorsObserver Analysts
Is Spell Token (SPELL) Trending Lower or Higher Saturday?

Spell Token receives a weak short-term technical ranking of 20 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. SPELL has a superior recent technical analysis than 20% 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.

Short-Term Technical - 20
InvestorsObserver is giving Spell Token a 20 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Spell Token!

Trading Analysis

Spell Token is $0.000295 (29.96%) above its 30-day low of $0.000984733 while -$0.003113 (-70.87%) below its 30-day high of $0.00439285. In addition, SPELL's current price of $0.001279753 is under its 30-day moving average price of $0.003369761, leading to a weak short-term technical score. Overall the recent trading history of Spell Token suggest that investors are bearish on the token at the moment.
SPELL has a relatively average market cap for a token with a total market value of $115,147,092.20. The market valuation for Spell Token is relatively average due to the largest 100 cryptos having a market cap above $1 billion and SPELL sits underneath that mark but remains above $100 million in market capilization. Spell Token's average volume meanwhile is average with $115,877,227.48 worth of the token traded over a typical 24 hour period. The volume for SPELL 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. As of the past 24 hours, SPELL's volume is below its average with $17,526,765.95 exchanged.


Spell Token'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 Spell Token (SPELL).

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