Is Bread (BRD) Heading the Right Direction Friday?

Friday, September 30, 2022 09:45 AM | InvestorsObserver Analysts

InvestorsObserver gives Bread a strong short-term technical score of 78 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. BRD has currently traded better than 78% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Bread a 78 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bread!

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Trading Analysis

Bread is $0.005890 (415.13%) above its 30-day low of $0.001418822 while -$0.005971 (-44.97%) below its 30-day high of $0.01328020. In addition, BRD's current price of $0.007308740 is above its 30-day moving average price of $0.006317600, leading to a strong short-term technical score. Overall the recent trading history of Bread suggest that investors are bullish on the token at the moment. BRD has a relatively low market cap for a token with a total market value of $649,474.51. Bread'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. Bread's average volume meanwhile is low with $20.44 worth of the token traded over a typical 24 hour period. BRD'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. As of the past 24 hours, BRD's volume is below its average with $3.13 exchanged.

Summary

Bread's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Bread (BRD).