Is Birdchain (BIRD) Heading the Right Direction Monday?

Monday, February 07, 2022 06:42 PM | InvestorsObserver Analysts

Birdchain receives a weak short-term technical ranking of 14 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. BIRD has a superior recent technical analysis than 14% 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 Birdchain a 14 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Birdchain!

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Trading Analysis

Birdchain is $0.000009 (2.34%) above its 30-day low of $0.000401137 while -$0.001850 (-81.84%) below its 30-day high of $0.00226092. In addition, BIRD's current price of $0.000410516 is under its 30-day moving average price of $0.000887606, leading to a weak short-term technical score. Overall the recent trading history of Birdchain suggest that investors are bearish on the token at the moment. BIRD has a low market cap compared to the majority of tokens with a total market value of $114,854.07. Birdchain'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. Birdchain's average volume is low as $503,645.41 worth of the token is typically traded over a 24 hour period. BIRD'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 BIRD's volume is below its average with $67,167.86 exchanged.

Summary

BIRD'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 Birdchain (BIRD).