Is STEED (STD) Trending Lower or Higher Friday?

Friday, October 28, 2022 06:22 AM | InvestorsObserver Analysts

STEED receives a weak short-term technical ranking of 21 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. STD has a superior recent technical analysis than 21% 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 STEED a 21 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on STEED!

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Trading Analysis

STD is currently $0.000000 (135.63%) above its 30-day low of $0.000000007 and $0.000000 (-55.12%) below its 30-day high of $0.00000004. Additionally, STD is under its average price of $0.000000018 over the past month of trading with its current price of $0.000000017. Overall, the recent trading history of STEED suggest that traders are currently bearish on the token. STD has a low market cap compared to the majority of tokens with a total market value of $0.00. STEED'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. STEED's average volume is low as $8,591,523.70 worth of the token is typically traded over a 24 hour period. STD'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 STD's volume is below its average with $1,112,025.25 exchanged.

Summary

STEED'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 STEED (STD).