Skycoin receives a low long-term technical score of 12 from InvestorsObserverresearch based on historical trading patterns. The proprietary scoring system assesses price movement over the past few months to a year, analyzes the coin’s support and resistance levels, and where it sits relative to long-term averages to determine if it is a a strong buy-and-hold investment opportunity. SKY currently holds a long-term technical analysis score above 12% of the cryptos in circulation. This ranking metric is particularly useful for buy-and-hold type investors looking for consistent strong growth when allocating their assets. coins with a high technical score in the long and short term can help indicate assets that have bottomed out, giving investors a chance to “buy the dip”.
Skycoin price is -$0.1100000 (-66.36%) below its 100-day moving average price of $0.170000000, with its price currently standing at $0.060000000. Additionally, SKY is $0.0200000 (-28201.46%) above its 52-week low of $0.040000000 while -$1.96000000 (-494.05%) is below its 52-week high of $2.010000000. The current trading price against its long-term average along with its 52-week highs and lows, gives SKY a long-term average technical score of 12. Skycoin’s long-term trade movement suggests investors are bearish on the piece at the moment. Skycoin currently has a total market capitalization of $1,243,596.59 to go along with its $87,824.30 average daily volume of the currency over the past seven days. SKY’s volume is below its seven-day average over the past 24 hours, with 12,082.53 traded over the period. Distributed software platform of the subclass of this part: A platform is a decentralized infrastructure designed for a specific purpose. These can take the form of exchanges for cryptocurrency trading, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing, and big data collection, among others.
Trading patterns over the past year for Skycoin have given the coin a low long-term technical score of 12, as its consistency, volatility, and relationship to long-term averages have given investors cause for concern. be bearish on the coin. Click here for the full Skycoin (SKY) report.
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