Swarm (SWM): Does it Score Poorly on Short-Term Trading Metrics Thursday?

Thursday, January 20, 2022 04:46 PM | InvestorsObserver Analysts

Swarm receives a weak short-term technical ranking of 30 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. SWM has a superior recent technical analysis than 30% 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.

InvestorsObserver is giving Swarm a 30 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Swarm!

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Trading Analysis

Swarm is $0.001779 (13.97%) higher than its 30-day low price of $0.012731697 while also -$0.009015 (-38.32%) lower than its high of $0.02352545 from the past month of trading. Meanwhile, SWM's current price of $0.014510657 is under its average price of $0.019202060 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Swarm suggest that traders are currently bearish on the token. Swarm's market cap of $1,134,583.49 is relatively low for a token. Swarm'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, SWM's average volume is low with $53,562.60 worth of the token traded over an average 24 hour period. SWM'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, SWM's volume is below its usual with $7,130.71 exchanged.

Summary

Swarm's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on Swarm (SWM).