Is GoByte (GBX) Trending Lower or Higher Sunday?

Sunday, June 26, 2022 06:49 PM | InvestorsObserver Analysts

GoByte receives an average long-term technical score of 53 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. GBX currently holds a superior long-term technical analysis score than 53% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving GoByte a 53 Long-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

The current trading price of $0.018084360 for GBX is $0.0039566 (28.01%) above the coins 100-day moving average of $0.014127743. GBX meanwhile is $0.0131863 (-224208.98%) above its 52-week low of $0.004898071 and -$0.12555236 (-6949.42%) under its 52-week high price of $0.143636718. GoByte's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 53. The price movement and range of GBX suggest that investors are neutral on the coin at this time. GoByte has a market capitalization of $173,153.73 and a relatively low average daily volume with $1,252.39 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, GBX's volume is below its seven day average with 192.93 exchanged.

Summary

Trading patterns over the last year for GoByte leads to the coin's an average long-term technical score of 53 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on GoByte (GBX).