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Innovative Bioresearch Coin (INNBC): How Does the Chart Look Friday?

Friday, January 06, 2023 01:36 PM | InvestorsObserver Analysts
Innovative Bioresearch Coin (INNBC): How Does the Chart Look Friday?

Innovative Bioresearch Coin receives a weak short-term technical ranking of 1 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. INNBC has a superior recent technical analysis than 1% 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.

Short-Term Technical - 1
InvestorsObserver is giving Innovative Bioresearch Coin a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Innovative Bioresearch Coin!

Trading Analysis

Innovative Bioresearch Coin is $0.000000 (350.50%) higher than its 30-day low price of $0.000000010 while also -$0.000012 (-99.64%) lower than its high of $0.00001252 from the past month of trading. Meanwhile, INNBC's current price of $0.000000045 is under its average price of $0.000004796 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Innovative Bioresearch Coin suggest that traders are currently bearish on the token.
INNBC has a low market cap compared to the majority of tokens with a total market value of $55,389.28. Innovative Bioresearch Coin'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. Innovative Bioresearch Coin's average volume is low as $0.82 worth of the token is typically traded over a 24 hour period. INNBC'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 INNBC's volume is below its average with $0.13 exchanged.

Summary

Innovative Bioresearch Coin's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Innovative Bioresearch Coin (INNBC).

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