Is Bitblocks (BBK) Trending Lower or Higher Monday?

Monday, January 31, 2022 07:24 AM | InvestorsObserver Analysts

Bitblocks 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. BBK has a superior recent technical analysis than 14% 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 Bitblocks a 14 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitblocks!

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Trading Analysis

BBK is currently $0.000038 (11.56%) above its 30-day low of $0.000331841 and -$0.000599 (-61.81%) below its 30-day high of $0.00096945. Additionally, BBK is under its average price of $0.000640179 over the past month of trading with its current price of $0.000370196. Overall, the recent trading history of Bitblocks suggest that traders are currently bearish on the coin. Bitblocks's market cap of $97,689.64 is relatively low for a coin. Bitblocks'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, BBK's average volume is low with $396.11 worth of the coin traded over an average 24 hour period. BBK'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, BBK's volume is below its usual with $53.16 exchanged.

Summary

BBK'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 coin in the short-term. Click Here to get the full Report on Bitblocks (BBK).