Is Beetle Coin (BEET) Heading the Wrong Direction Friday?

Friday, December 10, 2021 10:08 AM | InvestorsObserver Analysts

Beetle Coin receives a weak short-term technical ranking of 15 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. BEET has a superior recent technical analysis than 15% of coins 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 Beetle Coin a 15 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Beetle Coin!

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Trading Analysis

BEET is currently $0.000043 (27.34%) above its 30-day low of $0.000158848 and -$0.000388 (-65.74%) below its 30-day high of $0.00059041. Additionally, BEET is under its average price of $0.000308182 over the past month of trading with its current price of $0.000202273. Overall, the recent trading history of Beetle Coin suggest that traders are currently bearish on the coin. Beetle Coin's market cap of $55,970.91 is relatively low for a coin. Beetle 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. Meanwhile, BEET's average volume is low with $10,712.80 worth of the coin traded over an average 24 hour period. BEET'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 last 24 hours, BEET's volume is below its usual with $1,606.46 exchanged. Beetle Coin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Beetle 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 coin's short-term movement. Click Here to get the full Report on Beetle Coin (BEET).