What do the Short-Term Technicals Predict for WABnetwork (WAB) Wednesday?

Wednesday, February 02, 2022 07:30 PM | InvestorsObserver Analysts

WABnetwork receives a weak short-term technical ranking of 18 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. WAB has a superior recent technical analysis than 18% 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 WABnetwork a 18 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on WABnetwork!

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Trading Analysis

WAB is currently $0.000000 (11.15%) above its 30-day low of $0.000003320 and -$0.000226 (-98.40%) below its 30-day high of $0.00023000. Additionally, WAB is under its average price of $0.000005155 over the past month of trading with its current price of $0.000003690. Overall, the recent trading history of WABnetwork suggest that traders are currently bearish on the token. WABnetwork's market cap of $62,707.02 is relatively low for a token. WABnetwork'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, WAB's average volume is low with $8.23 worth of the token traded over an average 24 hour period. WAB'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, WAB's volume is below its usual with $1.11 exchanged.

Summary

WABnetwork'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 WABnetwork (WAB).