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Skycoin (SKY) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Friday: What's Next?

Friday, February 04, 2022 10:04 AM | InvestorsObserver Analysts
Skycoin (SKY) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Friday: What's Next?

Skycoin (SKY) gets a very bullish rating from InvestorsObserver Friday. The crypto is up 11.09% to $0.2357510779 while the broader crypto market is up 4.17%.

Sentiment Score - ,
Skycoin has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Skycoin!

Very Bullish

Over the last five days, Skycoin has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Skycoin over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Skycoin is currently trading near its five-day high of $0.237117305397987. The crypto is 0.58% off its five-day high and is 13.32% higher than its five-day low of $0.208047792315483.

Skycoin price is currently above resistance. With support set around $0.203701584260872 and resistance at $0.225082440894058, Skycoin is potentially in a volatile position if the rally burns out.

Skycoin has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Skycoin

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