SonoCoin (SONO): Does it Score Poorly on Long-Term Trading Metrics Thursday?

InvestorsObserver gives SonoCoin a strong long-term technical score of 92 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. SONO at this time has a superior long-term technical analysis score than 92% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving SonoCoin a 92 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SonoCoin!

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Trading Analysis

The current trading price of $0.037509640 for SONO is -$0.0183278 (-32.82%) below the coins 100-day moving average of $0.055837404. SONO meanwhile is $0.0265053 (-99619.36%) above its 52-week low of $0.011004377 and -$0.06926284 (-9330.58%) under its 52-week high price of $0.106772482. SonoCoin's current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 92. The price movement and range of SONO suggest that investors are neutral on the coin at this time. SonoCoin has a market capitalization of $1,059,662.58 and a relatively low average daily volume with $619,513.64 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, SONO's volume is below its seven day average with 80,832.12 exchanged.

Summary

Trading patterns over the last year for SonoCoin leads to the coin's a strong long-term technical score of 92 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on SonoCoin (SONO).