Santiment Network Token / US Dollar Cryptocurrency Forecast

Red day on Thursday for Santiment Network Token / US Dollar
(Updated on Jun 27, 2024)

SANUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Santiment Network Token / US Dollar cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.118 and $0.124. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -12.56%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Santiment Network Token / US Dollar cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.109 and $0.107. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Santiment Network Token / US Dollar finds support just below today's level at $0.109. If this is broken, then the next support from accumulated volume will be at $0.107 and $0.105.

This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 1.21%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SANUSD) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Santiment Network Token / US Dollar to open at $0.115, and during the day (based on 14 day Average True Range), to move between $0.114 and $0.117, which gives a possible trading interval of +/-$0.0017 (+/-1.45%) up or down from last closing price. If Santiment Network Token / US Dollar takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.116 (0.85%) than the support at $0.109 (5.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Santiment Network Token / US Dollar cryptocurrency A Buy?

The Santiment Network Token / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Santiment Network Token / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.

Current score: -4.155 Sell Candidate Unchanged

Predicted Opening Price for Santiment Network Token / US Dollar of Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.