Bread (BRD): How Does the Chart Look Friday?

Friday, September 16, 2022 04:57 PM | InvestorsObserver Analysts

Bread receives a weak short-term technical ranking of 3 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. BRD has a superior recent technical analysis than 3% of tokens 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 Bread a 3 Short-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 is $0.002687 (189.40%) above its 30-day low of $0.001418822 while -$0.008775 (-68.12%) below its 30-day high of $0.01288068. In addition, BRD's current price of $0.004106100 is under its 30-day moving average price of $0.006417005, leading to a weak short-term technical score. Overall the recent trading history of Bread suggest that investors are bearish on the token at the moment. BRD has a low market cap compared to the majority of tokens with a total market value of $364,879.17. Bread'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. Bread's average volume is low as $1,851.10 worth of the token is typically traded over a 24 hour period. BRD'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 BRD's volume is below its average with $247.94 exchanged.

Summary

BRD'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 token in the short-term. Click Here to get the full Report on Bread (BRD).