Is BIDR (BIDR) Trending Lower or Higher Sunday?

Sunday, May 28, 2023 01:27 PM | InvestorsObserver Analysts

BIDR receives a strong short-term technical score of 73 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. BIDR holds a better recent technical analysis than 73% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving BIDR a 73 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BIDR!

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Trading Analysis

BIDR is $0.000000 (0.34%) higher than its 30-day low price of $0.000066576 while also -$0.000002 (-2.41%) lower than its high of $0.00006845 from the past month of trading. Meanwhile, BIDR's current price of $0.000066803 is under its average price of $0.000067460 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of BIDR suggest that traders are currently bullish on the token. BIDR has a relatively average market cap for a token with a total market value of $15,078,478.73. The market valuation for BIDR is relatively average due to the largest 100 cryptos having a market cap above $1 billion and BIDR sits underneath that mark but remains above $100 million in market capilization. BIDR's average volume meanwhile is average with $81,126,815.35 worth of the token traded over a typical 24 hour period. The volume for BIDR is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, BIDR's volume is below its average with $11,262,140.03 exchanged. BIDR's subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).

Summary

BIDR'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 BIDR (BIDR).