Sportcash One (SCONEX): How Does it Rank Sunday on Long-Term Trading Metrics?

Sunday, June 19, 2022 04:39 PM | InvestorsObserver Analysts

Sportcash One receives a strong long-term technical score of 92 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. SCONEX currently holds a superior long-term technical analysis score than 92% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

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

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Trading Analysis

Sportcash One's price is -$0.0052844 (-47.29%) below its 100-day moving average price of $0.011174156 as its price at the moment sits at $0.005889764. Additionally, SCONEX is $0.0030892 (-392566.47%) higher than its 52-week low price of $0.002800573 while -$0.08821826 (-10619.83%) under its 52-week high of $0.094108023. The current trading price in relation to its long-term average along with its 52-week high and low, gives SCONEX a strong long-term technical score of 92. Long-term trading movement of Sportcash One suggest that investors are neutral on the token at the moment. Sportcash One has a market capitalization of $74,838.70 and a relatively low average daily volume with $208,746.54 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, SCONEX's volume is below its seven day average with 27,643.45 exchanged. This token's subclass Sports and Fan Tokens: Tokens connected to sports and other fandoms. These may provide access to exclusive rewards. They may or may not be issued by a particular sports franchise or club. Some of these tokens can be traded for club merchandise or even be exclusive digital art.

Summary

Technical analysis of Sportcash One over the past year results in the crypto receiving a a strong long-term technical score of 92 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Sportcash One (SCONEX).