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VVS Finance (VVS) What Does the Chart Say Saturday?

Saturday, May 21, 2022 06:15 AM | InvestorsObserver Analysts
VVS Finance (VVS) What Does the Chart Say Saturday?

InvestorsObserver gives VVS Finance a weak short-term technical score of 24 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. VVS has currently traded better than 24% 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.

Short-Term Technical - 24
InvestorsObserver is giving VVS Finance a 24 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on VVS Finance!

Trading Analysis

VVS Finance is $0.000000 (3.98%) above its 30-day low of $0.000008730 while -$0.000014 (-60.18%) below its 30-day high of $0.00002280. In addition, VVS's current price of $0.000009077 is under its 30-day moving average price of $0.000015334, leading to a weak short-term technical score. Overall the recent trading history of VVS Finance suggest that investors are bearish on the token at the moment.
VVS has a average market cap compared to the majority of tokens with a total market value of $159,471,503.17. The market valuation for VVS Finance is relatively average due to the largest 100 cryptos having a market cap above $1 billion and VVS sits underneath that mark but remains above $100 million in market capilization. VVS Finance's average volume is average as $6,539,624.92 worth of the token is typically traded over a 24 hour period. The volume for VVS is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours VVS's volume is below its average with $885,214.37 exchanged. VVS Finance's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

VVS Finance'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 VVS Finance (VVS).

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