What do the Short-Term Technicals Predict for Scanetchain (SWC) Saturday?

Saturday, January 22, 2022 08:04 AM | InvestorsObserver Analysts

Scanetchain receives a weak short-term technical ranking of 2 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. SWC has a superior recent technical analysis than 2% 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 Scanetchain a 2 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Scanetchain!

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Trading Analysis

Scanetchain is $0.000000 (4.17%) above its 30-day low of $0.000003437 while -$0.000020 (-84.93%) below its 30-day high of $0.00002376. In addition, SWC's current price of $0.000003580 is under its 30-day moving average price of $0.000009591, leading to a weak short-term technical score. Overall the recent trading history of Scanetchain suggest that investors are bearish on the token at the moment. SWC has a relatively low market cap for a token with a total market value of $3,005.37. Scanetchain'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. Scanetchain's average volume meanwhile is low with $1,216.26 worth of the token traded over a typical 24 hour period. SWC'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. As of the past 24 hours, SWC's volume is below its average with $191.19 exchanged.

Summary

Scanetchain'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 Scanetchain (SWC).