Santiment (SAN) Weekly Technical Analysis

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2 min

Santiment was introduced as the financial information provider of all the cryptocurrencies. In other words, it is the Bloomberg of the crypto-space.

Key Highlights

  • SAN could not hold strong above $0.30.
  • SAN/USD dropped dipped 7.50% in the last 24 hours.
  • The week ended with a downward trend similar to last week.

Santiment graph
But the last week’s trading didn’t not go well for the buyers. The previous week, we have seen a significant fall in the SAN/USD value and this week, it further dipped down.
After the downward rally of SAN last week, this week it started with a little upward movement, but soon the value again dipped. Luckily we have seen some resistance around $0.284.
In the middle of the week, the buyers had a little hold on the market and the value jumped up to $0.301. But again we have seen strong resistance on the $0.3 mark and the value started to drop again.
Since the last 48 hours, a similar downward trend to last week can be observed. The SAN/USD value dipped 7.50% in the last 24 hours.
Santiment
Against BTH, the value of SAN dropped even farther. Value SAN/BTH dipped 20% on the past 7 days and in the past 24 hours more than 11%. Apparently, BTH had a good week and gained more than 4% in the past 24 hours.
Overall, the trendline does not show a good near future value of SAN and the traders has to be a little cautious.
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NOTE: This article is not an investment advice. Any references to historical price movements or levels are informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future. Information regarding past performance is not a reliable indicator of future performance. Forecasts are not a reliable indicator of future performance. In accordance with European Securities and Markets Authority's (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.

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