Is BitCoal (COAL) Trending Lower or Higher Tuesday?

Tuesday, February 08, 2022 12:27 PM | InvestorsObserver Analysts

BitCoal receives a weak short-term technical ranking of 26 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. COAL has a superior recent technical analysis than 26% 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 BitCoal a 26 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BitCoal!

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Trading Analysis

COAL is currently $0.000694 (29.88%) above its 30-day low of $0.002322884 and -$0.001843 (-37.93%) below its 30-day high of $0.00486041. Additionally, COAL is under its average price of $0.003100688 over the past month of trading with its current price of $0.003017044. Overall, the recent trading history of BitCoal suggest that traders are currently bearish on the coin. BitCoal's market cap of $13,576.70 is relatively low for a coin. BitCoal'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, COAL's average volume is low with $282.86 worth of the coin traded over an average 24 hour period. COAL'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, COAL's volume is below its usual with $36.76 exchanged.

Summary

COAL'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 BitCoal (COAL).