Is SPINDLE (SPD) Trending Lower or Higher Sunday?

Sunday, January 02, 2022 07:51 AM | InvestorsObserver Analysts

SPINDLE 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. SPD 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.

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

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Trading Analysis

SPINDLE is $0.000008 (25.34%) above its 30-day low of $0.000031858 while -$0.000156 (-79.64%) below its 30-day high of $0.00019612. In addition, SPD's current price of $0.000039932 is under its 30-day moving average price of $0.000114640, leading to a weak short-term technical score. Overall the recent trading history of SPINDLE suggest that investors are bearish on the token at the moment. SPD has a low market cap compared to the majority of tokens with a total market value of $161,745.75. SPINDLE'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. SPINDLE's average volume is low as $247.00 worth of the token is typically traded over a 24 hour period. SPD'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 SPD's volume is below its average with $36.60 exchanged.

Summary

SPD's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on SPINDLE (SPD).