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Should You Buy Snetwork (SNET) Saturday?
Saturday, January 22, 2022 02:21 PM | InvestorsObserver Analysts
InvestorsObserver gives Snetwork a strong short-term technical score of 71 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. SNET has currently traded better than 71% of tokens 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 Snetwork a 71 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Snetwork!
Trading Analysis
Snetwork is $0.001353 (27.04%) above its 30-day low of $0.005003961 while -$0.003126 (-32.97%) below its 30-day high of $0.00948347. In addition, SNET's current price of $0.006356997 is above its 30-day moving average price of $0.005826172, leading to a strong short-term technical score. Overall the recent trading history of Snetwork suggest that investors are bullish on the token at the moment.
SNET has a low market cap compared to the majority of tokens with a total market value of $1,497,671.10. Snetwork'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. Snetwork's average volume is low as $388,151.50 worth of the token is typically traded over a 24 hour period. SNET'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 SNET's volume is below its average with $61,149.05 exchanged.
Summary
Snetwork's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement.
Click Here to get the full Report on Snetwork (SNET).
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