BowsCoin (BSC) What Does the Chart Say Wednesday?

Wednesday, December 08, 2021 07:23 AM | InvestorsObserver Analysts

InvestorsObserver gives BowsCoin a weak short-term technical score of 4 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. BSC has currently traded better than 4% of coins 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 BowsCoin a 4 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BowsCoin!

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Trading Analysis

BowsCoin is $0.000007 (0.24%) higher than its 30-day low price of $0.002939054 while also -$0.006358 (-68.34%) lower than its high of $0.00930414 from the past month of trading. Meanwhile, BSC's current price of $0.002945989 is under than its average price of $0.004656107 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of BowsCoin suggest that traders are currently bearish on the coin. BSC has a relatively low market cap for a coin with a total market value of $16,350.54. BowsCoin'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. BowsCoin's average volume meanwhile is low with $604.46 worth of the coin traded over a typical 24 hour period. BSC'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, BSC's volume is below its average with $82.25 exchanged.

Summary

BSC'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 BowsCoin (BSC).