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WABnetwork (WAB) What Does the Chart Say Friday?

Friday, December 17, 2021 09:34 AM | InvestorsObserver Analysts
WABnetwork (WAB) What Does the Chart Say Friday?

WABnetwork receives a weak short-term technical ranking of 13 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. WAB has a superior recent technical analysis than 13% 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.

Short-Term Technical - 13
InvestorsObserver is giving WABnetwork a 13 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on WABnetwork!

Trading Analysis

WABnetwork is $0.000000 (1.92%) higher than its 30-day low price of $0.000004589 while also -$0.000008 (-62.54%) lower than its high of $0.00001249 from the past month of trading. Meanwhile, WAB's current price of $0.000004677 is under than its average price of $0.000007288 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of WABnetwork suggest that traders are currently bearish on the token. WABnetwork's market cap of $79,491.53 is relatively low for a token. WABnetwork'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, WAB's average volume is low with $358.00 worth of the token traded over an average 24 hour period. WAB'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, WAB's volume is below its usual with $62.24 exchanged.

Summary

WAB'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 WABnetwork (WAB).

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