Is GoByte (GBX) Heading the Right Direction Friday?

GoByte receives a weak short-term technical ranking of 24 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. GBX has a superior recent technical analysis than 24% 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 GoByte a 24 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on GoByte!

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Trading Analysis

GoByte is $0.004523 (43.66%) higher than its 30-day low price of $0.010360455 while also -$0.014075 (-48.60%) lower than its high of $0.02895845 from the past month of trading. Meanwhile, GBX's current price of $0.014883361 is under its average price of $0.020325151 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of GoByte suggest that traders are currently bearish on the coin. GBX has a low market cap compared to the majority of coins with a total market value of $142,504.87. GoByte'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. GoByte's average volume is low as $857.16 worth of the coin is typically traded over a 24 hour period. GBX'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 past 24 hours GBX's volume is below its average with $131.61 exchanged.

Summary

GoByte'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 GoByte (GBX).