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.
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.
Overview
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.
