LuaSwap (LUA): Does it Score Well on Short-Term Trading Metrics Wednesday?

Wednesday, March 27, 2024 12:54 PM | InvestorsObserver Analysts

LuaSwap receives a weak short-term technical ranking of 1 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. LUA has a superior recent technical analysis than 1% 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 LuaSwap a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on LuaSwap!

See Full Report

Trading Analysis

LUA is currently $0.000004 (121.80%) above its 30-day low of $0.000003340 and -$0.005189 (-99.86%) below its 30-day high of $0.00519612. Additionally, LUA is under its average price of $0.000513101 over the past month of trading with its current price of $0.000007408. Overall, the recent trading history of LuaSwap suggest that traders are currently bearish on the token. LuaSwap's market cap of $1,606.34 is relatively low for a token. LuaSwap'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. Meanwhile, LUA's average volume is low with $7,176.42 worth of the token traded over an average 24 hour period. LUA'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 last 24 hours, LUA's volume is below its usual with $972.82 exchanged. LuaSwap'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

LuaSwap'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 LuaSwap (LUA).