StrongHands Masternode (SHMN): How Does the Chart Look Friday?

StrongHands Masternode receives a strong short-term technical ranking of 94 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. SHMN has a superior recent technical analysis than 94% of coins 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.

InvestorsObserver is giving StrongHands Masternode a 94 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on StrongHands Masternode!

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Trading Analysis

StrongHands Masternode is $0.04 (149.96%) above its 30-day low of $0.03 while $0.00 (-6.09%) below its 30-day high of $0.08. In addition, SHMN's current price of $0.07 is above its 30-day moving average price of $0.05, leading to a strong short-term technical score. Overall the recent trading history of StrongHands Masternode suggest that investors are bullish on the coin at the moment. SHMN has a relatively low market cap for a coin with a total market value of $247,864.73. StrongHands Masternode'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. StrongHands Masternode's average volume meanwhile is low with $54.87 worth of the coin traded over a typical 24 hour period. SHMN'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. As of the past 24 hours, SHMN's volume is below its average with $7.65 exchanged.

Summary

SHMN'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 coin in the short-term. Click Here to get the full Report on StrongHands Masternode (SHMN).