InvestorsObserver
×
News Home

Is BitShares (BTS) Trending Lower or Higher Tuesday?

Tuesday, November 28, 2023 11:44 AM | InvestorsObserver Analysts
Is BitShares (BTS) Trending Lower or Higher Tuesday?

BitShares receives a weak short-term technical score of 1 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. BTS holds a better recent technical analysis than 1% of coins 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.

Short-Term Technical - 1
InvestorsObserver is giving BitShares a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BitShares!

Trading Analysis

BitShares is $0.000402 (7.01%) above its 30-day low of $0.005731850 while -$0.007600 (-55.34%) below its 30-day high of $0.01373346. In addition, BTS's current price of $0.006133418 is under its 30-day moving average price of $0.010582303, leading to a weak short-term technical score. Overall the recent trading history of BitShares suggest that investors are bearish on the coin at the moment.
BTS has a relatively average market cap for a coin with a total market value of $18,369,954.38. The market valuation for BitShares is relatively average due to the largest 100 cryptos having a market cap above $1 billion and BTS sits underneath that mark but remains above $100 million in market capilization. BitShares's average volume meanwhile is average with $100,977,724.84 worth of the coin traded over a typical 24 hour period. The volume for BTS 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, BTS's volume is below its average with $14,101,596.38 exchanged. BitShares's subclass Decentralized Finance: DeFi, or decentralized finance, Coins are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

BitShares's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future. Click Here to get the full Report on BitShares (BTS).

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App