SKALE Receives Strong Short-Term Technical Score of 82% in InvestorsObserver Analysis

SKALE Receives Strong Short-Term Technical Score of 82% in InvestorsObserver Analysis

Crypto News – InvestorsObserver‘s thorough evaluation has bestowed SKALE with an impressive short-term technical score of 82%. The proprietary scoring system meticulously scrutinises the token’s recent trading patterns and evaluates price movements to determine whether it is following a positive trajectory. Notably, SKL surpasses 82% of its peers in recent technical analysis at its current price point. This Short-Term Rank is particularly pertinent for investors seeking rapid growth opportunities and trendy digital assets.

Trading Analysis

SKALE is currently trading at $0.035420805, which represents an 81.30% increase from its 30-day low of $0.019537097. It is marginally below its 30-day high of $0.03542390 by a negligible -$0.000003 (-0.01%). Furthermore, SKL’s present price exceeds its 30-day moving average of $0.026785137, reinforcing its strong short-term technical standing. The collective trading history of SKALE indicates a prevailing bullish sentiment among investors.

Market Metrics

SKL boasts an average market capitalization when compared to a majority of tokens, with a total market value of $177,168,170.30. This valuation places SKALE in the realm of average market capitalization, considering that the top 100 cryptocurrencies often surpass the billion-dollar mark. SKL, however, maintains a market capitalization comfortably above the $100 million threshold.

The average trading volume for SKALE stands at $265,387,269.42 over a 24-hour period. This trading volume aligns with the market norm, as the top 100 cryptocurrencies typically witness approximately $100 million in daily trading activity. Although SKL’s trading volume is robust, with a significant portion of the market trading over $5 million daily, the past 24 hours have seen a slight dip, with $38,878,700.82 exchanged.

Smart Contracts

Within SKALE’s ecosystem, there exists a subclass dedicated to Smart Contracts. These are computer programs designed to autonomously execute when predetermined conditions are met. Smart Contracts are renowned for their ability to expedite and automate transactions, with contract terms encoded directly into lines of code.