Is Breezecoin (BRZE) Heading the Wrong Direction Tuesday?

Tuesday, May 24, 2022 02:09 PM | InvestorsObserver Analysts

Breezecoin receives a weak short-term technical ranking of 17 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. BRZE has a superior recent technical analysis than 17% of tokens 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 Breezecoin a 17 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Breezecoin!

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Trading Analysis

BRZE is currently $0.001359 (23.84%) above its 30-day low of $0.005700789 and -$0.023837 (-77.15%) below its 30-day high of $0.03089719. Additionally, BRZE is under its average price of $0.020443650 over the past month of trading with its current price of $0.007060045. Overall, the recent trading history of Breezecoin suggest that traders are currently bearish on the token. BRZE has a relatively low market cap for a token with a total market value of $1,270,808.02. Breezecoin'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. Breezecoin's average volume meanwhile is low with $61,566.38 worth of the token traded over a typical 24 hour period. BRZE'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, BRZE's volume is below its average with $2,408.49 exchanged.

Summary

Breezecoin'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 token's short-term movement. Click Here to get the full Report on Breezecoin (BRZE).