SifChain (EROWAN): How Does it Rank Friday on Long-Term Trading Metrics?

Friday, November 04, 2022 04:09 PM | InvestorsObserver Analysts

InvestorsObserver gives SifChain a weak long-term technical score of 31 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. erowan at this time has a superior long-term technical analysis score than 31% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving SifChain a 31 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SifChain!

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Trading Analysis

SifChain's price is -$0.0032702 (-59.78%) below its 100-day moving average price of $0.005470080 as its price at the moment sits at $0.002199871. Additionally, erowan is $0.0005686 (-674182.37%) higher than its 52-week low price of $0.001631280 while -$6.78151776 (-147.38%) under its 52-week high of $6.783717632. The current trading price in relation to its long-term average along with its 52-week high and low, gives erowan an average long-term technical score of 31. Long-term trading movement of SifChain suggest that investors are bearish on the coin at the moment. SifChain has a total market value of $5,238,290.94 with an low average daily volume of $812,428.72 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, erowan's volume is below its average with $106,451.43 exchanged in total.

Summary

Technical analysis of SifChain over the past year results in the crypto receiving a a weak long-term technical score of 31 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on SifChain (erowan).