What do the Short-Term Technicals Predict for StrongHands (SHND) Wednesday?

Wednesday, July 20, 2022 09:29 AM | InvestorsObserver Analysts

InvestorsObserver gives StrongHands a weak short-term technical score of 19 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. SHND has currently traded better than 19% of coins 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 StrongHands a 19 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on StrongHands!

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Trading Analysis

StrongHands is $0.000002 (117.25%) above its 30-day low of $0.000001897 while -$0.000046 (-91.75%) below its 30-day high of $0.00004995. In addition, SHND's current price of $0.000004121 is under its 30-day moving average price of $0.000004223, leading to a weak short-term technical score. Overall the recent trading history of StrongHands suggest that investors are bearish on the coin at the moment. SHND has a low market cap compared to the majority of coins with a total market value of $73,597.86. StrongHands'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. StrongHands's average volume is low as $12.82 worth of the coin is typically traded over a 24 hour period. SHND'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 SHND's volume is below its average with $1.04 exchanged. StrongHands's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

StrongHands'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 coin's short-term movement. Click Here to get the full Report on StrongHands (SHND).