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Is Spiking (SPIKE) Heading the Wrong Direction Sunday?
Sunday, December 05, 2021 06:51 AM | InvestorsObserver Analysts
Spiking receives a weak short-term technical ranking of 1 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. SPIKE has a superior recent technical analysis than 1% 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 Spiking a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Spiking!
Trading Analysis
Spiking is $0.00 (14.55%) higher than its 30-day low price of $0.00 while also -$0.06 (-97.00%) lower than its high of $0.06 from the past month of trading. Meanwhile, SPIKE's current price of $0.00 is under than its average price of $0.02 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Spiking suggest that traders are currently bearish on the token.
SPIKE has a relatively low market cap for a token with a total market value of $761,553.39. Spiking'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. Spiking's average volume meanwhile is low with $1,106.92 worth of the token traded over a typical 24 hour period. SPIKE'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, SPIKE's volume is below its average with $169.66 exchanged.
Summary
Spiking'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 Spiking (SPIKE).
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