Bezant (BZNT): Does it Score Poorly on Short-Term Trading Metrics Saturday?

Saturday, January 29, 2022 06:03 PM | InvestorsObserver Analysts

InvestorsObserver gives Bezant a weak short-term technical score of 1 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. BZNT has currently traded better than 1% 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.

InvestorsObserver is giving Bezant a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bezant!

See Full Report

Trading Analysis

Bezant is $0.000008 (0.95%) higher than its 30-day low price of $0.000849232 while also -$0.032837 (-97.46%) lower than its high of $0.03369483 from the past month of trading. Meanwhile, BZNT's current price of $0.000857341 is under its average price of $0.003237016 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Bezant suggest that traders are currently bearish on the token. BZNT has a low market cap compared to the majority of tokens with a total market value of $753,086.96. Bezant'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. Bezant's average volume is low as $2,299.08 worth of the token is typically traded over a 24 hour period. BZNT'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 BZNT's volume is below its average with $316.08 exchanged.

Summary

BZNT's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on Bezant (BZNT).