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SafeMoon Inu (SMI): Does it Score Poorly on Short-Term Trading Metrics Wednesday?

Wednesday, October 18, 2023 07:00 PM | InvestorsObserver Analysts
SafeMoon Inu (SMI): Does it Score Poorly on Short-Term Trading Metrics Wednesday?

SafeMoon Inu receives a weak short-term technical score of 19 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. SMI holds a better recent technical analysis than 19% of tokens 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.

Short-Term Technical - 19
InvestorsObserver is giving SafeMoon Inu a 19 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SafeMoon Inu!

Trading Analysis

SafeMoon Inu is $0.000000 (25.95%) above its 30-day low of $0.000000768 while -$0.000034 (-97.24%) below its 30-day high of $0.00003502. In addition, SMI's current price of $0.000000967 is above its 30-day moving average price of $0.000000892, leading to a weak short-term technical score. Overall the recent trading history of SafeMoon Inu suggest that investors are bearish on the token at the moment.
SMI has a relatively low market cap for a token with a total market value of $967,194.63. SafeMoon Inu'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. SafeMoon Inu's average volume meanwhile is low with $15,712.69 worth of the token traded over a typical 24 hour period. SMI'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. As of the past 24 hours, SMI's volume is below its average with $2,245.12 exchanged.

Summary

SMI's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on SafeMoon Inu (SMI).

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