Should You Buy SmartMesh (SMT) Monday?

Monday, January 30, 2023 12:12 PM | InvestorsObserver Analysts

SmartMesh receives a strong short-term technical ranking of 94 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. SMT has a superior recent technical analysis than 94% 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 SmartMesh a 94 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SmartMesh!

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Trading Analysis

SmartMesh is $0.001492 (188.41%) above its 30-day low of $0.000791812 while -$0.000525 (-18.70%) below its 30-day high of $0.00280894. In addition, SMT's current price of $0.002283630 is above its 30-day moving average price of $0.001318390, leading to a strong short-term technical score. Overall the recent trading history of SmartMesh suggest that investors are bullish on the token at the moment. SMT has a low market cap compared to the majority of tokens with a total market value of $3,061,250.42. SmartMesh'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. SmartMesh's average volume is low as $962,318.23 worth of the token is typically traded over a 24 hour period. SMT'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 past 24 hours SMT's volume is below its average with $180,456.60 exchanged.

Summary

SmartMesh'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 SmartMesh (SMT).