Should You Buy SmileyCoin (SMLY) Friday?

Friday, July 29, 2022 08:56 AM | InvestorsObserver Analysts

SmileyCoin receives a weak short-term technical ranking of 9 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. SMLY has a superior recent technical analysis than 9% of coins 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 SmileyCoin a 9 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SmileyCoin!

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Trading Analysis

SmileyCoin is $0.000006 (36.70%) above its 30-day low of $0.000017623 while -$0.000014 (-36.64%) below its 30-day high of $0.00003802. In addition, SMLY's current price of $0.000024092 is under its 30-day moving average price of $0.000026310, leading to a weak short-term technical score. Overall the recent trading history of SmileyCoin suggest that investors are bearish on the coin at the moment. SMLY has a low market cap compared to the majority of coins with a total market value of $380,797.35. SmileyCoin'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. SmileyCoin's average volume is low as $150.47 worth of the coin is typically traded over a 24 hour period. SMLY'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 SMLY's volume is below its average with $19.77 exchanged.

Summary

SMLY'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 coin in the short-term. Click Here to get the full Report on SmileyCoin (SMLY).