Showcase (SHO) What Does the Chart Say Monday?

Monday, January 31, 2022 01:08 PM | InvestorsObserver Analysts

InvestorsObserver gives Showcase a strong short-term technical score of 73 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. SHO has currently traded better than 73% 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.

InvestorsObserver is giving Showcase a 73 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Showcase!

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Trading Analysis

Showcase is $0.001501 (60.00%) higher than its 30-day low price of $0.002500956 while also -$0.005440 (-57.62%) lower than its high of $0.00944110 from the past month of trading. Meanwhile, SHO's current price of $0.004001534 is under its average price of $0.005445951 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Showcase suggest that traders are currently bullish on the coin. Showcase's market cap of $101,237.03 is relatively low for a coin. Showcase'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, SHO's average volume is low with $20,538.57 worth of the coin traded over an average 24 hour period. SHO'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, SHO's volume is below its usual with $2,705.85 exchanged.

Summary

Showcase'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 coin's short-term movement. Click Here to get the full Report on Showcase (SHO).