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SkinCoin (SKIN) What Does the Chart Say Tuesday?

Tuesday, January 25, 2022 03:44 PM | InvestorsObserver Analysts
SkinCoin (SKIN) What Does the Chart Say Tuesday?

InvestorsObserver gives SkinCoin an average short-term technical score of 39 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. SKIN has currently traded better than 39% 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.

Short-Term Technical - 39
InvestorsObserver is giving SkinCoin a 39 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SkinCoin!

Trading Analysis

SKIN is currently $0.001180 (2835.93%) above its 30-day low of $0.000041600 and -$0.004695 (-79.36%) below its 30-day high of $0.00591608. Additionally, SKIN is under its average price of $0.002223820 over the past month of trading with its current price of $0.001221341. Overall, the recent trading history of SkinCoin suggest that traders are currently neutral on the token. SkinCoin's market cap of $107,702.11 is relatively low for a token. SkinCoin'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, SKIN's average volume is low with $159,590.55 worth of the token traded over an average 24 hour period. SKIN'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, SKIN's volume is below its usual with $22,490.02 exchanged. SkinCoin's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

SkinCoin's price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the token's short-term movement. Click Here to get the full Report on SkinCoin (SKIN).

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