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Swarm City (SWT): How Does the Chart Look Thursday?

Thursday, June 01, 2023 04:32 PM | InvestorsObserver Analysts
Swarm City (SWT): How Does the Chart Look Thursday?

Swarm City receives a weak short-term technical score of 20 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. SWT holds a better recent technical analysis than 20% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 20
InvestorsObserver is giving Swarm City a 20 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Swarm City!

Trading Analysis

Swarm City is $0.001260 (4.28%) higher than its 30-day low price of $0.029462114 while also -$0.020190 (-39.66%) lower than its high of $0.05091159 from the past month of trading. Meanwhile, SWT's current price of $0.030721994 is under its average price of $0.033861352 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Swarm City suggest that traders are currently bearish on the token.
SWT has a relatively low market cap for a token with a total market value of $262,245.18. Swarm City'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. Swarm City's average volume meanwhile is low with $12,202.30 worth of the token traded over a typical 24 hour period. SWT'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, SWT's volume is below its average with $1,601.70 exchanged. Swarm City's subclass Marketplace: These are online marketplaces where users can buy and sell cryptocurrencies and other blockchain-based goods.

Summary

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

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