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Azbit (AZ): How Does the Chart Look Friday?

Friday, January 14, 2022 06:31 PM | InvestorsObserver Analysts
Azbit (AZ): How Does the Chart Look Friday?

InvestorsObserver gives Azbit a strong short-term technical score of 86 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. AZ has currently traded better than 86% 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.

Short-Term Technical - 86
InvestorsObserver is giving Azbit a 86 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Azbit!

Trading Analysis

Azbit is $0.000007 (139.70%) higher than its 30-day low price of $0.000004684 while also -$0.000003 (-22.44%) lower than its high of $0.00001448 from the past month of trading. Meanwhile, AZ's current price of $0.000011227 is above its average price of $0.000009890 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Azbit suggest that traders are currently bullish on the token. AZ has a relatively low market cap for a token with a total market value of $932,527.40. Azbit'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. Azbit's average volume meanwhile is low with $1,303.49 worth of the token traded over a typical 24 hour period. AZ'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. As of the past 24 hours, AZ's volume is below its average with $183.93 exchanged.

Summary

Azbit's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Azbit (AZ).

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