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Shadow Token (SHDW): How Does the Chart Look Monday?

Monday, January 24, 2022 10:37 AM | InvestorsObserver Analysts
Shadow Token (SHDW): How Does the Chart Look Monday?

Shadow Token receives a strong short-term technical score of 75 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. SHDW holds a better recent technical analysis than 75% 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 - 75
InvestorsObserver is giving Shadow Token a 75 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Shadow Token!

Trading Analysis

Shadow Token is $0.011611 (50.35%) above its 30-day low of $0.023061529 while -$0.104753 (-75.13%) below its 30-day high of $0.13942510. In addition, SHDW's current price of $0.034672221 is under its 30-day moving average price of $0.057370826, leading to a strong short-term technical score. Overall the recent trading history of Shadow Token suggest that investors are bullish on the token at the moment. SHDW has a relatively low market cap for a token with a total market value of $242,705.54. Shadow Token'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. Shadow Token's average volume meanwhile is low with $25.76 worth of the token traded over a typical 24 hour period. SHDW'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, SHDW's volume is below its average with $3.44 exchanged. Shadow Token's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

Shadow Token's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Shadow Token (SHDW).

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