BitSend (BSD): How Does the Chart Look Thursday?

Thursday, January 06, 2022 01:29 PM | InvestorsObserver Analysts

BitSend receives a weak short-term technical ranking of 14 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. BSD has a superior recent technical analysis than 14% 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 BitSend a 14 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BitSend!

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Trading Analysis

BitSend is $0.000365 (25.97%) above its 30-day low of $0.001404634 while -$0.004664 (-72.50%) below its 30-day high of $0.00643366. In addition, BSD's current price of $0.001769436 is under its 30-day moving average price of $0.002112366, leading to a weak short-term technical score. Overall the recent trading history of BitSend suggest that investors are bearish on the coin at the moment. BSD has a relatively low market cap for a coin with a total market value of $56,666.69. BitSend'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. BitSend's average volume meanwhile is low with $12.75 worth of the coin traded over a typical 24 hour period. BSD'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. As of the past 24 hours, BSD's volume is below its average with $11.98 exchanged.

Summary

BSD'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 coin in the short-term. Click Here to get the full Report on BitSend (BSD).