SpaceChain (SPC): Does it Score Well on Short-Term Trading Metrics Monday?

Monday, April 25, 2022 06:35 PM | InvestorsObserver Analysts

InvestorsObserver gives SpaceChain a strong short-term technical score of 95 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. SPC has currently traded better than 95% 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.

InvestorsObserver is giving SpaceChain a 95 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SpaceChain!

See Full Report

Trading Analysis

SpaceChain is $0.005783 (293.68%) above its 30-day low of $0.001969210 while -$0.000549 (-6.61%) below its 30-day high of $0.00830107. In addition, SPC's current price of $0.007752443 is above its 30-day moving average price of $0.007318106, leading to a strong short-term technical score. Overall the recent trading history of SpaceChain suggest that investors are bullish on the token at the moment. SPC has a low market cap compared to the majority of tokens with a total market value of $2,387,510.93. SpaceChain'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. SpaceChain's average volume is low as $40,355.25 worth of the token is typically traded over a 24 hour period. SPC'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 SPC's volume is below its average with $5,499.37 exchanged.

Summary

SPC's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on SpaceChain (SPC).