HomeTechnologyComputingWhat do the Short-Term Technicals Predict for Substratum (SUB) Sunday?

What do the Short-Term Technicals Predict for Substratum (SUB) Sunday?

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Sunday, November 20, 2022 2:06 PM | InvestorsObserver Analysts

Investors Observer gives Substratum a weak technical short term score of 6 from the analysis. The proprietary scoring system takes into account the token’s trading history over the past month to determine the strength of its near-term technical characteristics. SUB has currently traded over 6% of tokens based on these metrics. Investors focusing on sound recent trading patterns should find the short-term technical classification system more relevant when making investment decisions.

Short term technical - 6
Investors Observer gives Substratum a 6 Short-Term Technical Rank. Find out what this means for you and get the rest of the rankings on Substratum!

Trade analysis

Substratum is $0.000133 (45.28%) higher than the 30-day low of $0.000293049, while also -$0.000443 (-50.97%) lower than the $0 high .00086833 of the last trading month. Meanwhile, SUB’s current price of $0.000425728 is below the $0.000769422 average price of the past trading month, leading to a weak short-term technical score. In summary, Substratum’s recent trading history suggests that traders are currently bearish on the token. SUB has a relatively low market cap for a token with a total market value of $163,062.75. Substratum’s relatively low market value is due to it being below $100 million, while the top 100 cryptos remain above $1 billion in market cap and the top 500 are above $100 million. Substratum’s average volume, meanwhile, is low with $751.13 worth of the token traded over a typical 24-hour period. SUB’s volume is relatively low as the most traded 100 cryptos typically trade $100 million per day and smaller cryptos tend to trade less than $5 million over 24 hours. As of the last 24 hours, SUB’s volume is below average with $120.24 redeemed. Substratum’s Distributed Computing subclass: While all blockchain technology is a form of distributed computing, projects in this category typically provide access to a range of distributed computing resources.

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SUB’s recent trading over the past month gave it a weak short-term technical score as the recent price move gives traders reason to be more bearish on the token in the short term.

Click here for the full report on substrate (SUB).

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