What do the Short-Term Technicals Predict for Lambda (LAMB) Wednesday?

Wednesday, May 11, 2022 08:16 AM | InvestorsObserver Analysts

Lambda receives a weak short-term technical ranking of 3 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. LAMB has a superior recent technical analysis than 3% 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 Lambda a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Lambda!

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Trading Analysis

Lambda is $0.000068 (5.28%) higher than its 30-day low price of $0.001282421 while also -$0.003185 (-70.23%) lower than its high of $0.00453494 from the past month of trading. Meanwhile, LAMB's current price of $0.001350136 is under its average price of $0.003523204 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Lambda suggest that traders are currently bearish on the token. LAMB has a low market cap compared to the majority of tokens with a total market value of $2,061,661.51. Lambda'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. Lambda's average volume is low as $7,121,105.68 worth of the token is typically traded over a 24 hour period. LAMB'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 past 24 hours LAMB's volume is below its average with $852,234.05 exchanged. Lambda's subclass Distributed Computing: While all blockchain technology is a form of distributed computing, projects in this category typically give access to a set of distributed computing resources.

Summary

Lambda's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Lambda (LAMB).