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Herbalist Token (HERB): How Does the Chart Look Tuesday?

Tuesday, February 08, 2022 03:38 PM | InvestorsObserver Analysts
Herbalist Token (HERB): How Does the Chart Look Tuesday?

InvestorsObserver gives Herbalist Token a weak short-term technical score of 16 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. HERB has currently traded better than 16% of tokens 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.

Short-Term Technical - 16
InvestorsObserver is giving Herbalist Token a 16 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Herbalist Token!

Trading Analysis

Herbalist Token is $0.000000 (1.58%) higher than its 30-day low price of $0.000002907 while also -$0.000004 (-56.90%) lower than its high of $0.00000685 from the past month of trading. Meanwhile, HERB's current price of $0.000002952 is under its average price of $0.000004586 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Herbalist Token suggest that traders are currently bearish on the token. HERB has a low market cap compared to the majority of tokens with a total market value of $28,048.70. Herbalist Token'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. Herbalist Token's average volume is low as $83.59 worth of the token is typically traded over a 24 hour period. HERB'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 HERB's volume is below its average with $12.56 exchanged.

Summary

HERB'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 Herbalist Token (HERB).

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