SKYPlay (SKP) What Does the Chart Say Friday?

Friday, March 29, 2024 06:48 AM | InvestorsObserver Analysts

SKYPlay receives a strong short-term technical score of 72 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. SKP holds a better recent technical analysis than 72% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving SKYPlay a 72 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SKYPlay!

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Trading Analysis

SKYPlay is $0.000176 (154.49%) above its 30-day low of $0.000113746 while -$0.000157 (-35.16%) below its 30-day high of $0.00044647. In addition, SKP's current price of $0.000289470 is above its 30-day moving average price of $0.000264761, leading to a strong short-term technical score. Overall the recent trading history of SKYPlay suggest that investors are bullish on the token at the moment. SKP has a low market cap compared to the majority of tokens with a total market value of $45,481.10. SKYPlay'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. SKYPlay's average volume is low as $1,222,485.46 worth of the token is typically traded over a 24 hour period. SKP'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 SKP's volume is below its average with $167,789.19 exchanged.

Summary

SKYPlay's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on SKYPlay (SKP).