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SpaceChain (SPC) What Does the Chart Say Monday?

Monday, January 30, 2023 01:27 PM | InvestorsObserver Analysts
SpaceChain (SPC) What Does the Chart Say Monday?

SpaceChain receives a strong short-term technical ranking of 97 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. SPC has a superior recent technical analysis than 97% 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.

Short-Term Technical - 97
InvestorsObserver is giving SpaceChain a 97 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SpaceChain!

Trading Analysis

SpaceChain is $0.005221 (110.19%) above its 30-day low of $0.004738212 while -$0.000017 (-0.17%) below its 30-day high of $0.00997647. In addition, SPC's current price of $0.009959351 is above its 30-day moving average price of $0.006896974, 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.
SpaceChain's market cap of $3,059,340.74 is relatively low for a token. 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. Meanwhile, SPC's average volume is low with $138,877.14 worth of the token traded over an average 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 last 24 hours, SPC's volume is below its usual with $16,931.33 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).

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