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

Monday, January 31, 2022 01:27 PM | InvestorsObserver Analysts

Shadow Token receives an average long-term technical score of 45 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. SHDW currently holds a superior long-term technical analysis score than 45% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Shadow Token a 45 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Shadow Token!

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Trading Analysis

SHDW is currently -$0.0141985 (-27.56%) below its 100-day moving average price of $0.051518134 with its current price of $0.037319619. Meanwhile, Shadow Token is $0.0235454 (-79588.16%) above its 52-week low price of $0.013774260 and -$0.15964894 (-5058.01%) below its 52-week high of $0.196968555. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 45. Trends for the long-term trading history of Shadow Token suggest that traders are currently bearish on the token. Shadow Token currently has a total market cap of $261,237.33 to go along with its average daily volume of $2,198.16 worth of the currency over the past seven days. SHDW's volume is below its seven day average as of the past 24 hours, with 346.46 exchanged in that period. This 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

SHDW's historical trading over the past year gives it a an average long-term technical score of 45 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on Shadow Token (SHDW).