Is Merebel (MERI) Heading the Wrong Direction Saturday?

Saturday, January 22, 2022 09:04 AM | InvestorsObserver Analysts

Merebel receives a strong short-term technical ranking of 70 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. MERI has a superior recent technical analysis than 70% 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 Merebel a 70 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Merebel!

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Trading Analysis

Merebel is $0.001458 (34.33%) above its 30-day low of $0.004245703 while -$0.008161 (-58.86%) below its 30-day high of $0.01386434. In addition, MERI's current price of $0.005703380 is under its 30-day moving average price of $0.008306980, leading to a strong short-term technical score. Overall the recent trading history of Merebel suggest that investors are bullish on the coin at the moment. MERI has a low market cap compared to the majority of coins with a total market value of $35,334.41. Merebel'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. Merebel's average volume is low as $9.04 worth of the coin is typically traded over a 24 hour period. MERI'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 MERI's volume is below its average with $1.29 exchanged.

Summary

Merebel'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 coin in the near future. Click Here to get the full Report on Merebel (MERI).