Is BitSend (BSD) Trending Lower or Higher Tuesday?

Tuesday, January 11, 2022 05:21 PM | InvestorsObserver Analysts

BitSend receives a weak short-term technical ranking of 31 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. BSD has a superior recent technical analysis than 31% 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 BitSend a 31 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BitSend!

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Trading Analysis

BitSend is $0.000730 (51.99%) above its 30-day low of $0.001404634 while -$0.004299 (-66.82%) below its 30-day high of $0.00643366. In addition, BSD's current price of $0.002134922 is under its 30-day moving average price of $0.002148245, leading to a weak short-term technical score. Overall the recent trading history of BitSend suggest that investors are bearish on the coin at the moment. BitSend's market cap of $68,390.68 is relatively low for a coin. BitSend'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, BSD's average volume is low with $80.94 worth of the coin traded over an average 24 hour period. BSD'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, BSD's volume is below its usual with $12.62 exchanged.

Summary

BitSend'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 BitSend (BSD).