Snetwork (SNET): How Does the Chart Look Wednesday?

Wednesday, January 12, 2022 01:30 PM | InvestorsObserver Analysts

Snetwork receives a strong short-term technical ranking of 91 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. SNET has a superior recent technical analysis than 91% of tokens 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 Snetwork a 91 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Snetwork!

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Trading Analysis

Snetwork is $0.002969 (59.15%) above its 30-day low of $0.005019293 while $0.000000 (0.00%) below its 30-day high of $0.00798842. In addition, SNET's current price of $0.007988422 is above its 30-day moving average price of $0.006118777, leading to a strong short-term technical score. Overall the recent trading history of Snetwork suggest that investors are bullish on the token at the moment. SNET has a relatively low market cap for a token with a total market value of $1,882,025.35. Snetwork'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. Snetwork's average volume meanwhile is low with $1,209,528.61 worth of the token traded over a typical 24 hour period. SNET'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. As of the past 24 hours, SNET's volume is below its average with $189,451.99 exchanged.

Summary

Snetwork's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Snetwork (SNET).