Is StreamCoin (STRM) Trending Lower or Higher Monday?

Monday, April 24, 2023 10:39 AM | InvestorsObserver Analysts

InvestorsObserver gives StreamCoin a weak short-term technical score of 17 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. STRM has currently traded better than 17% 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 StreamCoin a 17 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on StreamCoin!

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Trading Analysis

StreamCoin is $0.001305 (11.05%) higher than its 30-day low price of $0.011817289 while also -$0.000289 (-2.16%) lower than its high of $0.01341219 from the past month of trading. Meanwhile, STRM's current price of $0.013122785 is above its average price of $0.012490486 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of StreamCoin suggest that traders are currently bearish on the token. StreamCoin's market cap of $18,481,270.66 is relatively average for a token. The market valuation for StreamCoin is relatively average due to the largest 100 cryptos having a market cap above $1 billion and STRM sits underneath that mark but remains above $100 million in market capilization. Meanwhile, STRM's average volume is average with $92,059,684.17 worth of the token traded over an average 24 hour period. The volume for STRM is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, STRM's volume is below its usual with $13,091,900.99 exchanged. StreamCoin's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

StreamCoin'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 StreamCoin (STRM).