Should You Buy SafeInsure (SINS) Monday?

Monday, November 14, 2022 09:06 AM | InvestorsObserver Analysts

InvestorsObserver gives SafeInsure a weak short-term technical score of 6 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. SINS has currently traded better than 6% of coins 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 SafeInsure a 6 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SafeInsure!

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Trading Analysis

SafeInsure is $0.000169 (42.08%) higher than its 30-day low price of $0.000401104 while also -$0.008095 (-93.42%) lower than its high of $0.00866486 from the past month of trading. Meanwhile, SINS's current price of $0.000569868 is under its average price of $0.001042376 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of SafeInsure suggest that traders are currently bearish on the coin. SINS has a relatively low market cap for a coin with a total market value of $13,281.24. SafeInsure'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. SafeInsure's average volume meanwhile is low with $5.64 worth of the coin traded over a typical 24 hour period. SINS'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, SINS's volume is below its average with $0.88 exchanged.

Summary

SafeInsure'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 coin's short-term movement. Click Here to get the full Report on SafeInsure (SINS).