Beetle Coin (BEET) What Does the Chart Say Sunday?

Sunday, January 16, 2022 07:31 AM | InvestorsObserver Analysts

Beetle Coin receives a weak short-term technical ranking of 5 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. BEET has a superior recent technical analysis than 5% of coins 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 Beetle Coin a 5 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Beetle Coin!

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Trading Analysis

Beetle Coin is $0.000071 (55.73%) higher than its 30-day low price of $0.000128153 while also -$0.000320 (-61.59%) lower than its high of $0.00051956 from the past month of trading. Meanwhile, BEET's current price of $0.000199566 is under its average price of $0.000400331 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Beetle Coin suggest that traders are currently bearish on the coin. BEET has a low market cap compared to the majority of coins with a total market value of $55,221.85. Beetle Coin'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. Beetle Coin's average volume is low as $34,880.11 worth of the coin is typically traded over a 24 hour period. BEET'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 BEET's volume is below its average with $5,399.70 exchanged. Beetle Coin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Beetle Coin'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 coin in the near future. Click Here to get the full Report on Beetle Coin (BEET).