Is SynLev (SYN) Trending Lower or Higher Thursday?

Thursday, December 09, 2021 05:13 PM | InvestorsObserver Analysts

SynLev receives a strong short-term technical ranking of 74 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. SYN has a superior recent technical analysis than 74% 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 SynLev a 74 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SynLev!

See Full Report

Trading Analysis

SynLev is $0.008922 (594.86%) higher than its 30-day low price of $0.001499825 while also -$0.026414 (-71.71%) lower than its high of $0.03683574 from the past month of trading. Meanwhile, SYN's current price of $0.010421675 is under than its average price of $0.010578143 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of SynLev suggest that traders are currently bullish on the token. SYN has a low market cap compared to the majority of tokens with a total market value of $127,634.46. SynLev'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. SynLev's average volume is low as $7,633,882.26 worth of the token is typically traded over a 24 hour period. SYN'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 SYN's volume is below its average with $900,762.55 exchanged. SynLev's subclass Derivatives: Derivatives are contracts or financial tools that derive value from an underlying asset. Derivatives can be used to hedge against volatility and price swings or can be a tool for investors to speculate on the future price of the underlying asset. The most popular derivatives in the crypto market are futures, options, and perpetual contracts.

Summary

SynLev's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on SynLev (SYN).