BeatzCoin (BTZC): Does it Score Well on Short-Term Trading Metrics Tuesday?

Tuesday, February 01, 2022 02:06 PM | InvestorsObserver Analysts

BeatzCoin receives a weak short-term technical ranking of 20 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. BTZC has a superior recent technical analysis than 20% 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 BeatzCoin a 20 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BeatzCoin!

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Trading Analysis

BTZC is currently $0.000030 (38.78%) above its 30-day low of $0.000076291 and -$0.001171 (-91.71%) below its 30-day high of $0.00127638. Additionally, BTZC is under its average price of $0.000213553 over the past month of trading with its current price of $0.000105875. Overall, the recent trading history of BeatzCoin suggest that traders are currently bearish on the token. BTZC has a relatively low market cap for a token with a total market value of $272,160.75. BeatzCoin'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. BeatzCoin's average volume meanwhile is low with $1,168.68 worth of the token traded over a typical 24 hour period. BTZC'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, BTZC's volume is below its average with $166.44 exchanged.

Summary

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