Is MicroBitcoin (MBC) Heading the Right Direction Monday?

Monday, January 24, 2022 11:54 AM | InvestorsObserver Analysts

MicroBitcoin receives a weak long-term technical score of 14 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. MBC currently holds a superior long-term technical analysis score than 14% 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 MicroBitcoin a 14 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on MicroBitcoin!

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Trading Analysis

The current trading price of $0.000005003 for MBC is -$0.0000145 (-74.30%) below the coins 100-day moving average of $0.000019470. MBC meanwhile is $0.0000047 (-3666028239.07%) above its 52-week low of $0.000000300 and -$0.00025589 (-3833031.22%) under its 52-week high price of $0.000260890. MicroBitcoin'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 14. The price movement and range of MBC suggest that investors are bearish on the coin at this time. MicroBitcoin has a market capitalization of $239,948.77 and a relatively low average daily volume with $2,835.62 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, MBC's volume is below its seven day average with 437.71 exchanged. This coin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Technical analysis of MicroBitcoin over the past year results in the crypto receiving a a weak long-term technical score of 14 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on MicroBitcoin (MBC).