Does it Score Poorly on Short-Term Trading Metrics Friday?

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Friday 02 September 2022 16:45 | InvestorsObserver Analysts

Sociall (SCL): Does Friday score poorly on short-term trading metrics?

Sociall receives a strong short-term technical ranking of 97 from Investors Observer data analysis. The proprietary ranking system focuses on recent trading patterns over the past month to determine the strength of its short-term technical data. SCL has a recent technical analysis of more than 97% of the tokens based on these trading metrics. Investors focused primarily on short-term investment strategies will find this technical analysis more relevant to their goals in determining whether to invest in a particular cryptocurrency.

Short-term technique - 97
Investors Observer is giving Sociall a short-term technical grade of 97. Find out what it means to you and get the rest of the rankings on Sociall!

Commercial analysis

SCL is currently $ 0.002147 (130.71%) above its 30-day low of $ 0.001642394 and – $ 0.006225 (-62.16%) below its 30-day high of $ 0.01001462. Furthermore, SCL is above its average price of $ 0.002965801 in the last trading month with its current price of $ 0.003789214. Overall, Sociall’s recent trading history suggests traders are currently bullish on the token. SCL has a low market cap compared to most tokens with a total market value of $ 63,332.99. Sociall’s relatively low market value is under $ 100 million, while the top 100 cryptocurrencies remain above $ 1 billion in market cap and the top 500 are over $ 100 million. Sociall’s average volume is low as the $ 276.23 token value is generally traded over a 24 hour period. The volume of SCL is relatively low as the top 100 traded cryptocurrencies typically have $ 100 million traded every day and the smaller cryptocurrencies tend to stay under $ 5 million traded over 24 hours. Over the past 24 hours, the volume of SCL is below its average with $ 43.81 traded. Sociall Subclass Market: These are online marketplaces where users can buy and sell cryptocurrencies and other blockchain-based assets.

Summary

Sociall’s trading over the past 30 days leads to a strong short-term technical score due to the recent price movement suggesting more bullish signals for token traders in the near future. Click here to get the full Sociall (SCL) report.

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