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

Sunday, February 26, 2023 02:53 PM | InvestorsObserver Analysts

InvestorsObserver gives Sportcash One a weak long-term technical score of 14 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token'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. SCONEX at this time has a superior long-term technical analysis score than 14% 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 tokens that have bottomed out.

InvestorsObserver is giving Sportcash One a 14 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

The current trading price of $0.005006210 for SCONEX is $0.0006002 (13.62%) above the tokens 100-day moving average of $0.004405962. SCONEX meanwhile is $0.0035861 (-774238.66%) above its 52-week low of $0.001420104 and -$0.01694438 (-45534.06%) under its 52-week high price of $0.021950586. Sportcash One's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 14. The price movement and range of SCONEX suggest that investors are bearish on the token at this time. Sportcash One has a total market value of $63,611.76 with an low average daily volume of $61,373.96 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, SCONEX's volume is below its average with $8,823.64 exchanged in total. 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

Trading patterns over the last year for Sportcash One leads to the token's a weak long-term technical score of 14 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on Sportcash One (SCONEX).