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What do near-term techniques predict for Simple Software Solutions (SSS) Wednesday?

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Wednesday, January 19, 2022 4:28 PM | InvestorsObservers Analysts

InvestorsObserver gives Simple Software Solutions a low short-term technical rating of 2 based on its analysis. The proprietary rating system takes into account the coin’s trading history over the past month to determine the strength of its short-term techniques. SSS has currently traded more than 2% of coins based on these metrics. Investors who focus on recent and sound trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short Term Technique - 2
InvestorsObserver awards Simple Software Solutions a 2 short-term technical rank. Find out what this means to you and get the rest of the rankings at Simple Software Solutions!

Business analysis

Simple Software Solutions is $0.000001 (0.07%) above its 30-day low of $0.000834800 while -$0.007304 (-89.74%) is below its highest 30-day high of $0.00813984. Additionally, SSS’s current price of $0.000835345 is below its 30-day moving average price of $0.004139633, resulting in a low short-term technical score. Overall, Simple Software Solutions recent trading history suggests that investors are currently bearish on the coin. Simple Software Solutions market cap of $2,636.89 is relatively low for a coin. The relatively low market value of Simple Software Solutions comes from the fact that it sits below $100 million, while the top 100 cryptos remain above $1 billion in market capitalization and the top 500 sits above of $100 million. Meanwhile, the average volume of SSS is low with $82.40 of the coin trading in an average 24-hour period. The volume of SSS is relatively low, as the top 100 most traded cryptos typically have $100 million traded daily and smaller cryptos tend to be less than $5 million traded in 24 hours. In the past 24 hours, SSS volume is below its usual level with $12.65 traded. Distributed software platform of the Simple Software Solutions subclass: 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.

Summary

Simple Software Solutions’ price movement over the past month has led to a weak short-term technical score due to recent trading giving more bearish signals to traders on the coin’s short-term movement. Click here for the full Simple Software Solutions (SSS) report.

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