Is Wabi (WABI) Heading the Right Direction Tuesday?

Tuesday, June 06, 2023 04:46 PM | InvestorsObserver Analysts

InvestorsObserver gives Wabi a weak short-term technical score of 8 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. WABI has currently traded better than 8% 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 Wabi a 8 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Wabi!

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Trading Analysis

WABI is currently $0.000240 (24.00%) above its 30-day low of $0.000999642 and -$0.003564 (-74.20%) below its 30-day high of $0.00480359. Additionally, WABI is under its average price of $0.001427120 over the past month of trading with its current price of $0.001239543. Overall, the recent trading history of Wabi suggest that traders are currently bearish on the token. Currently, volume and market capitalization data for WABI 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 tokens such as Wabi extra intriguing. Wabi's subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.

Summary

Wabi'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 Wabi (WABI).