Should You Sell StrongHands (SHND) Monday?

Monday, March 20, 2023 09:29 AM | InvestorsObserver Analysts

StrongHands receives a weak long-term technical score of 1 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. SHND currently holds a superior long-term technical analysis score than 1% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving StrongHands a 1 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on StrongHands!

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Trading Analysis

StrongHands's price is -$0.0000408 (-87.92%) below its 100-day moving average price of $0.000046419 as its price at the moment sits at $0.000005606. Additionally, SHND is $0.0000044 (-920048235.89%) higher than its 52-week low price of $0.000001196 while -$0.00009345 (-10095257.62%) under its 52-week high of $0.000099056. The current trading price in relation to its long-term average along with its 52-week high and low, gives SHND an average long-term technical score of 1. Long-term trading movement of StrongHands suggest that investors are bearish on the coin at the moment. StrongHands currently has a total market cap of $102,513.55 to go along with its average daily volume of $69.42 worth of the currency over the past seven days. SHND's volume is below its seven day average as of the past 24 hours, with 9.22 exchanged in that period. This coin'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 historical trading over the past year gives it a a weak long-term technical score of 1 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on StrongHands (SHND).