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Bibox Token (BIX): How Does the Chart Look Monday?

Monday, September 26, 2022 09:20 AM | InvestorsObserver Analysts
Bibox Token (BIX): How Does the Chart Look Monday?

InvestorsObserver gives Bibox Token a weak short-term technical score of 25 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. BIX has currently traded better than 25% 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 - 25
InvestorsObserver is giving Bibox Token a 25 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bibox Token!

Trading Analysis

Bibox Token is $0.000444 (2.70%) above its 30-day low of $0.016438387 while -$0.008479 (-33.43%) below its 30-day high of $0.02536120. In addition, BIX's current price of $0.016882675 is under its 30-day moving average price of $0.020852676, leading to a weak short-term technical score. Overall the recent trading history of Bibox Token suggest that investors are bearish on the token at the moment.
Bibox Token's market cap of $1,442,295.81 is relatively low for a token. Bibox Token'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. Meanwhile, BIX's average volume is low with $5,975,640.66 worth of the token traded over an average 24 hour period. BIX'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 last 24 hours, BIX's volume is below its usual with $704,344.12 exchanged. Bibox Token's subclass Marketplace: These are online marketplaces where users can buy and sell cryptocurrencies and other blockchain-based goods.

Summary

BIX'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 Bibox Token (BIX).

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