Is Innovation Blockchain Payment (IBP) Trending Lower or Higher Sunday?

Sunday, March 19, 2023 10:32 AM | InvestorsObserver Analysts

InvestorsObserver gives Innovation Blockchain Payment a weak short-term technical score of 1 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. IBP has currently traded better than 1% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Innovation Blockchain Payment a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Innovation Blockchain Payment!
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Trading Analysis

IBP is currently $0.000013 (38.05%) above its 30-day low of $0.000034537 and -$0.001284 (-96.42%) below its 30-day high of $0.00133143. Additionally, IBP is under its average price of $0.000414475 over the past month of trading with its current price of $0.000047679. Overall, the recent trading history of Innovation Blockchain Payment suggest that traders are currently bearish on the token.
IBP has a low market cap compared to the majority of tokens with a total market value of $8,964.11. Innovation Blockchain Payment'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. Innovation Blockchain Payment's average volume is low as $2,580,094.92 worth of the token is typically traded over a 24 hour period. IBP'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 IBP's volume is below its average with $353,035.25 exchanged.

Summary

IBP's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on Innovation Blockchain Payment (IBP).

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