Is Swingby (SWINGBY) Heading the Right Direction Sunday?

Sunday, October 01, 2023 05:24 PM | InvestorsObserver Analysts

Swingby receives an average long-term technical score of 42 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, SWINGBY holds a superior long-term technical analysis score than 42% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Swingby a 42 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Swingby!

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Trading Analysis

SWINGBY is currently -$0.0010552 (-56.74%) below its 100-day moving average price of $0.001859915 with its current price of $0.000804680. Meanwhile, Swingby is $0.0004300 (-2935574.28%) above its 52-week low price of $0.000374686 and -$0.00647879 (-137286.21%) below its 52-week high of $0.007283466. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 42. Trends for the long-term trading history of Swingby suggest that traders are currently bearish on the token. Swingby currently has a total market cap of $700,071.66 to go along with its average daily volume of $1,111,807.74 worth of the currency over the past seven days. SWINGBY's volume is below its seven day average as of the past 24 hours, with 174,154.30 exchanged in that period. This token's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Technical analysis of Swingby over the past year results in the crypto receiving a an average long-term technical score of 42 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on Swingby (SWINGBY).