Is Karbo (KRB) Trending Lower or Higher Friday?

Friday, May 26, 2023 03:30 PM | InvestorsObserver Analysts

Karbo receives an average long-term technical score of 51 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, KRB holds a superior long-term technical analysis score than 51% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Karbo a 51 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Karbo!

Trading Analysis

The current trading price of $0.038024668 for KRB is -$0.0125412 (-24.80%) below the coins 100-day moving average of $0.050565881. KRB meanwhile is $0.0080021 (-36512.51%) above its 52-week low of $0.030022522 and -$0.03897820 (-12937.15%) under its 52-week high price of $0.077002868. Karbo's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 51. The price movement and range of KRB suggest that investors are neutral on the coin at this time. Karbo currently has a total market cap of $367,347.28 to go along with its average daily volume of $18.28 worth of the currency over the past seven days. KRB's volume is below its seven day average as of the past 24 hours, with 2.74 exchanged in that period.

Summary

Trading patterns over the last year for Karbo leads to the coin's an average long-term technical score of 51 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on Karbo (KRB).

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