ShowHand (HAND): How Does the Chart Look Thursday?

Thursday, February 24, 2022 12:41 PM | InvestorsObserver Analysts

InvestorsObserver gives ShowHand a weak short-term technical score of 17 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. HAND has currently traded better than 17% 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 ShowHand a 17 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ShowHand!

See Full Report

Trading Analysis

ShowHand is $0.000000 (58.60%) above its 30-day low of $0.000000462 while -$0.000020 (-96.47%) below its 30-day high of $0.00002077. In addition, HAND's current price of $0.000000733 is under its 30-day moving average price of $0.000001255, leading to a weak short-term technical score. Overall the recent trading history of ShowHand suggest that investors are bearish on the token at the moment. HAND has a relatively low market cap for a token with a total market value of $45,378.99. ShowHand'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. ShowHand's average volume meanwhile is low with $9.92 worth of the token traded over a typical 24 hour period. HAND'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. As of the past 24 hours, HAND's volume is below its average with $1.43 exchanged.

Summary

ShowHand's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on ShowHand (HAND).