What do the Short-Term Technicals Predict for Swace (SWACE) Saturday?

Saturday, December 11, 2021 05:04 PM | InvestorsObserver Analysts

InvestorsObserver gives Swace a weak short-term technical score of 17 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. SWACE has currently traded better than 17% 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.

InvestorsObserver is giving Swace a 17 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Swace!

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Trading Analysis

SWACE is currently $0.001589 (101.98%) above its 30-day low of $0.001558004 and -$0.008080 (-71.97%) below its 30-day high of $0.01122678. Additionally, SWACE is under its average price of $0.004586278 over the past month of trading with its current price of $0.003146808. Overall, the recent trading history of Swace suggest that traders are currently bearish on the token. Swace's market cap of $1,615,233.09 is relatively low for a token. Swace'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, SWACE's average volume is low with $3,591.42 worth of the token traded over an average 24 hour period. SWACE'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, SWACE's volume is below its usual with $1,258.36 exchanged.

Summary

SWACE'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 Swace (SWACE).