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Should You Buy StrongHands (SHND) Monday?

Monday, July 25, 2022 10:13 AM | InvestorsObserver Analysts
Should You Buy StrongHands (SHND) Monday?

InvestorsObserver gives StrongHands a weak short-term technical score of 5 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. SHND has currently traded better than 5% 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.

Short-Term Technical - 5
InvestorsObserver is giving StrongHands a 5 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on StrongHands!

Trading Analysis

StrongHands is $0.000001 (48.60%) higher than its 30-day low price of $0.000001897 while also -$0.000047 (-94.36%) lower than its high of $0.00004995 from the past month of trading. Meanwhile, SHND's current price of $0.000002819 is under its average price of $0.000004253 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of StrongHands suggest that traders are currently bearish on the coin.
StrongHands's market cap of $50,366.10 is relatively low for a coin. StrongHands'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. Meanwhile, SHND's average volume is low with $70.74 worth of the coin traded over an average 24 hour period. SHND'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 last 24 hours, SHND's volume is below its usual with $9.46 exchanged. StrongHands's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

SHND'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 StrongHands (SHND).

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