Bread (BRD): How Does it Rank Sunday on Long-Term Trading Metrics?

Sunday, September 18, 2022 05:09 PM | InvestorsObserver Analysts

Bread receives a strong long-term technical score of 99 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. BRD currently holds a superior long-term technical analysis score than 99% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Bread a 99 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bread!

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Trading Analysis

Bread's price is -$0.0303196 (-75.23%) below its 100-day moving average price of $0.040301679 as its price at the moment sits at $0.009982066. Additionally, BRD is $0.0085632 (-774587.58%) higher than its 52-week low price of $0.001418822 while -$1.66215424 (-597.44%) under its 52-week high of $1.672136307. The current trading price in relation to its long-term average along with its 52-week high and low, gives BRD a strong long-term technical score of 99. Long-term trading movement of Bread suggest that investors are neutral on the token at the moment. Bread currently has a total market cap of $887,033.55 to go along with its average daily volume of $10,802.04 worth of the currency over the past seven days. BRD's volume is below its seven day average as of the past 24 hours, with 1,566.24 exchanged in that period.

Summary

Technical analysis of Bread over the past year results in the crypto receiving a a strong long-term technical score of 99 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Bread (BRD).