Simple Software Solutions (SSS): How Does the Chart Look Saturday?

Saturday, January 08, 2022 06:32 AM | InvestorsObserver Analysts

Simple Software Solutions receives a weak short-term technical ranking of 2 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. SSS has a superior recent technical analysis than 2% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Simple Software Solutions a 2 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Simple Software Solutions!

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Trading Analysis

Simple Software Solutions is $0.000751 (81.16%) higher than its 30-day low price of $0.000924944 while also -$0.010259 (-85.96%) lower than its high of $0.01193474 from the past month of trading. Meanwhile, SSS's current price of $0.001675663 is under its average price of $0.005483953 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Simple Software Solutions suggest that traders are currently bearish on the coin. SSS has a low market cap compared to the majority of coins with a total market value of $5,289.49. Simple Software Solutions'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. Simple Software Solutions's average volume is low as $121.28 worth of the coin is typically traded over a 24 hour period. SSS'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 past 24 hours SSS's volume is below its average with $15.90 exchanged. Simple Software Solutions's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

Simple Software Solutions'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 coin's short-term movement. Click Here to get the full Report on Simple Software Solutions (SSS).