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Saturday 08 January 2022 06:32 | InvestorsObservers Analysts

Simple Software Solutions receives a low short-term technical ranking of 2 from InvestorsObserver data analysis. The proprietary ranking system focuses on recent trade trends over the past month to determine the strength of its short-term techniques. SSS has recent technical analysis above 2% of coins based on these trading metrics. Investors primarily focused on short-term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

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 $0.000751 (81.16%) higher than its 30-day low of $0.000924944, while also being -$0.010259 (-85.96%) lower than its high of $0.01193474 from the previous trading month. Meanwhile, SSS’s current price of $0.001675663 is below its average price of $0.005483953 set in the last month of trading, resulting in a weak short-term technical score. In summary, Simple Software Solutions recent trading history suggests that traders are currently bearish on the coin. SSS has a low market cap compared to the majority of coins with a total market value of $5,289.49. 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. Simple Software Solutions average volume is low as $121.28 worth of the coin is usually traded in a 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 average with $15.90 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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