What do the Long-Term Technicals Predict for GoByte (GBX) Sunday?

Sunday, January 29, 2023 09:36 AM | InvestorsObserver Analysts

GoByte receives a weak long-term technical score of 24 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. GBX currently holds a superior long-term technical analysis score than 24% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving GoByte a 24 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on GoByte!

Trading Analysis

The current trading price of $0.001878441 for GBX is -$0.0033813 (-64.29%) below the coins 100-day moving average of $0.005259791. GBX meanwhile is $0.0007590 (-982505.85%) above its 52-week low of $0.001119395 and -$0.08523857 (-11476.66%) under its 52-week high price of $0.087117016. GoByte'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 24. The price movement and range of GBX suggest that investors are bearish on the coin at this time. GoByte has a total market value of $17,985.66 with an low average daily volume of $16.57 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, GBX's volume is below its average with $2.49 exchanged in total.

Summary

Trading patterns over the last year for GoByte leads to the coin's a weak long-term technical score of 24 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on GoByte (GBX).

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