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

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Sunday, November 20, 2022 02:06 PM | Investor Observer Analyst

What is your short-term technical forecast for Substratum (SUB) Sunday?

Investor Observer Substratum received a weak short skill score of 6 in our analysis. A proprietary scoring system takes into account the token’s trading history over the past month to determine the strength of short-term skills. SUB has currently traded over 6% of its tokens based on these metrics. Investors who focus on healthy recent trading patterns should know that short-term technical ranking systems are more appropriate when making investment decisions.

Short Skills - 6

transaction analysis

Substratum is $0.000133 (45.28%) above its 30-day low of $0.000293049, but -$0.000443 (-50.97%) below its high of $0.00086833 last month. Meanwhile, SUB’s current price of $0.000425728 is lower than the average price of $0.000769422 set over the past month, indicating a bearish 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 cap of $163,062.75. Substratum’s relatively low market cap is less than $100 million, while the top 100 cryptocurrencies have a market cap of over $1 billion and the top 500 cryptocurrencies have over $100 million. Meanwhile, Substratum’s average trading volume is low with $751.13 worth of tokens traded in a 24-hour period. The trading volume of SUBs is relatively small, as the 100 most traded cryptocurrencies typically have $100 million exchanged daily and smaller cryptocurrencies tend to have less than $5 million traded in a 24-hour period. As of the last 24 hours, SUB’s trading volume is $120.24, which is below average. Subclass of Substratum Distributed Computing: All blockchain technologies are a form of distributed computing, but projects in this category usually provide access to a set of distributed computing resources.

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SUB’s recent trade over the past month gives it a weak short-term technical score as recent price movements give traders reason to be more bearish on the token in the near term. Click here to view the full report on Substrate (SUB).

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