InvestorsObserver gives Stronghold Token a strong short-term technical score of 89 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. SHX has currently traded better than 89% 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.
Trading Analysis
Stronghold Token is $0.000101 (26.72%) higher than its 30-day low price of $0.000376260 while also -$0.000030 (-5.88%) lower than its high of $0.00050658 from the past month of trading. Meanwhile, SHX’s current price of $0.000476799 is above its average price of $0.000434601 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Stronghold Token suggest that traders are currently bullish on the token.
Stronghold Token’s market cap of $2,762,529.91 is relatively low for a token. Stronghold Token’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, SHX’s average volume is low with $249,764.42 worth of the token traded over an average 24 hour period. SHX’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, SHX’s volume is below its usual with $35,549.77 exchanged.
Summary
Stronghold Token’s trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future.
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