Swirge (SWG): Does it Score Poorly on Short-Term Trading Metrics Friday?

Friday, February 04, 2022 06:41 PM | InvestorsObserver Analysts

InvestorsObserver gives Swirge a strong short-term technical score of 71 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. SWG has currently traded better than 71% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Swirge a 71 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Swirge!

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Trading Analysis

Swirge is $0.000437 (52.87%) above its 30-day low of $0.000826070 while -$0.008113 (-86.53%) below its 30-day high of $0.00937577. In addition, SWG's current price of $0.001262847 is under its 30-day moving average price of $0.001777443, leading to a strong short-term technical score. Overall the recent trading history of Swirge suggest that investors are bullish on the token at the moment. Swirge's market cap of $15,129.61 is relatively low for a token. Swirge'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, SWG's average volume is low with $533,057.35 worth of the token traded over an average 24 hour period. SWG'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, SWG's volume is below its usual with $79,953.37 exchanged.

Summary

SWG'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 token in the short-term. Click Here to get the full Report on Swirge (SWG).