Bionic (BNC): How Does the Chart Look Saturday?

Saturday, January 15, 2022 06:29 AM | InvestorsObserver Analysts

Bionic receives a weak long-term technical score of 7 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, BNC holds a superior long-term technical analysis score than 7% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Bionic a 7 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bionic!

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Trading Analysis

Bionic's price is -$0.0000465 (-51.08%) below its 100-day moving average price of $0.000091082 as its price at the moment sits at $0.000044558. Additionally, BNC is $0.0000407 (-282050129.56%) higher than its 52-week low price of $0.000003900 while -$0.00025332 (-3357007.42%) under its 52-week high of $0.000297883. The current trading price in relation to its long-term average along with its 52-week high and low, gives BNC an average long-term technical score of 7. Long-term trading movement of Bionic suggest that investors are bearish on the token at the moment. Bionic has a market capitalization of $23,122.62 and a relatively low average daily volume with $12.80 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, BNC's volume is below its seven day average with 1.84 exchanged.

Summary

Trading patterns over the last year for Bionic leads to the token's a weak long-term technical score of 7 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on Bionic (BNC).