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Is STRAKS (STAK) Heading the Wrong Direction Tuesday?

Tuesday, February 01, 2022 06:55 PM | InvestorsObserver Analysts
Is STRAKS (STAK) Heading the Wrong Direction Tuesday?

InvestorsObserver gives STRAKS a weak short-term technical score of 30 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. STAK has currently traded better than 30% of coins 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.

Short-Term Technical - 30
InvestorsObserver is giving STRAKS a 30 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on STRAKS!

Trading Analysis

STRAKS is $0.000039 (16.93%) above its 30-day low of $0.000232288 while -$0.000158 (-36.83%) below its 30-day high of $0.00042999. In addition, STAK's current price of $0.000271612 is under its 30-day moving average price of $0.000289235, leading to a weak short-term technical score. Overall the recent trading history of STRAKS suggest that investors are bearish on the coin at the moment. STAK has a relatively low market cap for a coin with a total market value of $6,480.37. STRAKS'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. STRAKS's average volume meanwhile is low with $0.19 worth of the coin traded over a typical 24 hour period. STAK'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, STAK's volume is below its average with $0.02 exchanged.

Summary

STRAKS'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 coin in the near future. Click Here to get the full Report on STRAKS (STAK).

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