SKALE Network (SKL): How Does it Rank Monday on Long-Term Trading Metrics?

Monday, August 08, 2022 10:16 AM | InvestorsObserver Analysts

SKALE Network receives an average long-term technical score of 49 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, SKL holds a superior long-term technical analysis score than 49% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving SKALE Network a 49 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SKALE Network!

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Trading Analysis

The current trading price of $0.070000000 for SKL is $0.0000000 (-2.80%) below the tokens 100-day moving average of $0.070000000. SKL meanwhile is $0.0300000 (-27797.49%) above its 52-week low of $0.040000000 and -$0.43000000 (-1988.35%) under its 52-week high price of $0.500000000. SKALE Network's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 49. The price movement and range of SKL suggest that investors are bearish on the token at this time. SKALE Network currently has a total market cap of $250,179,098.79 to go along with its average daily volume of $68,842,143.35 worth of the currency over the past seven days. SKL's volume is below its seven day average as of the past 24 hours, with 10,124,348.45 exchanged in that period. This token's subclass Smart Contracts: A computer program designed to automatically execute when predetermined conditions are satisfied. Typically used to execute transactions quickly and automatically, with terms written directly into lines of code.

Summary

Trading patterns over the last year for SKALE Network leads to the token's an average long-term technical score of 49 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on SKALE Network (SKL).