Does it score well on long-term trading metrics on Monday?

Does it score well on long-term trading metrics on Monday?

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Monday 5 September 2022 18:16 | InvestorsObserver analysts

Smaug's NFT (SMG): Does it score well on long-term trading metrics on Monday?

InvestorsObserver gives Smaug’s NFT an average long-term technical score of 48 from its research. The proprietary scoring system takes into account the historical trading patterns of the past months to a year of the token’s support and resistance levels, as well as where it is relative to long-term averages. The analysis helps determine whether it is a strong buy-and-hold investment opportunity for traders. SMG at this time has a superior long-term technical analysis score than 48% of cryptbags in circulation. The long-term rating will be most relevant to buy-and-hold investors looking for strong consistent growth when allocating their assets. Combining a high long-term and short-term technical score will also help portfolio managers spot tokens that have bottomed out.

Long-term technical - 48
InvestorsObserver gives Smaug’s NFT a 48 long-term technical rating. Find out what this means for you and get the rest of the rankings on Smaug’s NFT!

Trade analysis

The current trading price of $0.000755147 for SMG is -$0.0049149 (-86.68%) below the token’s 100 day moving average of $0.005670059. Meanwhile, SMG is $0.0002904 (-2366863.04%) above its 52 week low of $0.000464718 and -$0.25134896 (-3966.32%) below its 52 week high of $0.252104104. Smaug’s NFT’s current price relative to the token’s long-term average and 52-week high and low gives the crypto an average long-term technical score of 48. The price movement and range of SMG suggest that investors are bearish on the token at this time. time. Smaug’s NFT has a market cap of $26,430.14 and a relatively low average daily volume with $3,320.61 worth of the currency traded over a typical 24-hour period. Over the past 24 hours, SMG’s volume is below its seven-day average with 355.44 traded. This token’s subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that uses blockchain technology to authenticate and verify ownership. They often take the form of images, videos, audio and other representations of objects from the real world. This category also includes other tokens used in the purchase, sale or collection of art or certain other digital goods.

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Summary

Technical analysis of Smaug’s NFT over the past year results in the crypto gaining an average long-term technical score of 48 as the price movement during that time has given traders reason to be bearish on the token in the long term. Click here for the full report on Smaug’s NFT (SMG).

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