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Is Coinsbit Token (CNB) Trending Lower or Higher Saturday?

Saturday, July 02, 2022 10:48 AM | InvestorsObserver Analysts
Is Coinsbit Token (CNB) Trending Lower or Higher Saturday?

Coinsbit Token receives a strong short-term technical ranking of 86 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. CNB has a superior recent technical analysis than 86% 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.

Short-Term Technical - 86
InvestorsObserver is giving Coinsbit Token a 86 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Coinsbit Token!

Trading Analysis

Coinsbit Token is $0.000030 (23.26%) above its 30-day low of $0.000129348 while -$0.000116 (-42.20%) below its 30-day high of $0.00027584. In addition, CNB's current price of $0.000159434 is under its 30-day moving average price of $0.000184573, leading to a strong short-term technical score. Overall the recent trading history of Coinsbit Token suggest that investors are bullish on the token at the moment.
Coinsbit Token's market cap of $212,249.53 is relatively low for a token. Coinsbit Token'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, CNB's average volume is low with $33,908.69 worth of the token traded over an average 24 hour period. CNB'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, CNB's volume is below its usual with $5,113.48 exchanged.

Summary

CNB's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on Coinsbit Token (CNB).

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