Birdchain (BIRD): Does it Score Well on Short-Term Trading Metrics Friday?

Friday, June 02, 2023 02:07 PM | InvestorsObserver Analysts

Birdchain receives a strong short-term technical ranking of 87 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. BIRD has a superior recent technical analysis than 87% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Birdchain a 87 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Birdchain!
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Trading Analysis

Birdchain is $0.000003 (0.35%) higher than its 30-day low price of $0.000737748 while also -$0.000005 (-0.65%) lower than its high of $0.00074516 from the past month of trading. Meanwhile, BIRD's current price of $0.000740333 is under its average price of $0.000742189 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Birdchain suggest that traders are currently bullish on the token.
BIRD has a low market cap compared to the majority of tokens with a total market value of $207,143.34. Birdchain's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Birdchain's average volume is low as $171,468.13 worth of the token is typically traded over a 24 hour period. BIRD's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours BIRD's volume is below its average with $23,713.96 exchanged.

Summary

Birdchain's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Birdchain (BIRD).

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