What do the Short-Term Technicals Predict for VVS Finance (VVS) Wednesday?

Wednesday, June 15, 2022 06:36 PM | InvestorsObserver Analysts

VVS Finance receives a weak short-term technical ranking of 4 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. VVS has a superior recent technical analysis than 4% 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 VVS Finance a 4 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on VVS Finance!

See Full Report

Trading Analysis

VVS Finance is $0.000001 (12.62%) above its 30-day low of $0.000005156 while -$0.000004 (-42.33%) below its 30-day high of $0.00001007. In addition, VVS's current price of $0.000005807 is under its 30-day moving average price of $0.000008286, leading to a weak short-term technical score. Overall the recent trading history of VVS Finance suggest that investors are bearish on the token at the moment. VVS has a average market cap compared to the majority of tokens with a total market value of $108,422,078.81. The market valuation for VVS Finance is relatively average due to the largest 100 cryptos having a market cap above $1 billion and VVS sits underneath that mark but remains above $100 million in market capilization. VVS Finance's average volume is average as $16,302,482.75 worth of the token is typically traded over a 24 hour period. The volume for VVS is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours VVS's volume is below its average with $2,625,239.58 exchanged. VVS Finance's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

VVS'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 VVS Finance (VVS).