Is StrongHands (SHND) Heading the Wrong Direction Friday?

Friday, March 24, 2023 10:47 AM | InvestorsObserver Analysts

StrongHands receives a strong short-term technical score of 100 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. SHND holds a better recent technical analysis than 100% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving StrongHands a 100 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on StrongHands!

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Trading Analysis

StrongHands is $0.000035 (1729.12%) above its 30-day low of $0.000002010 while -$0.000020 (-35.30%) below its 30-day high of $0.00005683. In addition, SHND's current price of $0.000036768 is above its 30-day moving average price of $0.000016089, leading to a strong short-term technical score. Overall the recent trading history of StrongHands suggest that investors are bullish on the coin at the moment. Currently, volume and market capitalization data for SHND are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find coins such as StrongHands extra intriguing. StrongHands's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

StrongHands's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the coin in the near future. Click Here to get the full Report on StrongHands (SHND).