BitCoal (COAL): Does it Score Well on Short-Term Trading Metrics Saturday?

BitCoal 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. COAL has a superior recent technical analysis than 20% 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 BitCoal a 20 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BitCoal!

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Trading Analysis

BitCoal is $0.000129 (4.05%) higher than its 30-day low price of $0.003190587 while also -$0.002382 (-41.78%) lower than its high of $0.00570233 from the past month of trading. Meanwhile, COAL's current price of $0.003319891 is under its average price of $0.003932187 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of BitCoal suggest that traders are currently bearish on the coin. COAL has a low market cap compared to the majority of coins with a total market value of $14,939.51. BitCoal'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. BitCoal's average volume is low as $1,084.58 worth of the coin is typically traded over a 24 hour period. COAL'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 COAL's volume is below its average with $161.95 exchanged.

Summary

BitCoal'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 BitCoal (COAL).