Is Staker (STR) Trending Lower or Higher Monday?

Monday, December 13, 2021 01:28 PM | InvestorsObserver Analysts

InvestorsObserver gives Staker a strong short-term technical score of 71 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. STR has currently traded better than 71% 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.

InvestorsObserver is giving Staker a 71 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Staker!

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Trading Analysis

Staker is $0.000466 (48.30%) higher than its 30-day low price of $0.000964551 while also -$0.001221 (-46.05%) lower than its high of $0.00265126 from the past month of trading. Meanwhile, STR's current price of $0.001430459 is above than its average price of $0.001411411 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Staker suggest that traders are currently bullish on the token. STR has a relatively low market cap for a token with a total market value of $2,428.63. Staker'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. Staker's average volume meanwhile is low with $0.33 worth of the token traded over a typical 24 hour period. STR'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, STR's volume is below its average with $0.04 exchanged.

Summary

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