Bread (BRD) What Does the Chart Say Friday?

Friday, September 23, 2022 09:52 AM | InvestorsObserver Analysts

Bread receives a strong short-term technical ranking of 88 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 88% 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 88 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 $0.009590 (675.89%) higher than its 30-day low price of $0.001418822 while also -$0.001790 (-13.99%) lower than its high of $0.01279897 from the past month of trading. Meanwhile, BRD's current price of $0.011008528 is above its average price of $0.005641212 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Bread suggest that traders are currently bullish on the token. BRD has a low market cap compared to the majority of tokens with a total market value of $978,247.70. 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 $1,625.33 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 $235.64 exchanged.

Summary

Bread's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Bread (BRD).