Is Netbox Coin (NBX) Trending Lower or Higher Sunday?

Sunday, August 14, 2022 07:50 AM | InvestorsObserver Analysts

Netbox Coin receives a weak long-term technical score of 28 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. NBX currently holds a superior long-term technical analysis score than 28% 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 Netbox Coin a 28 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Netbox Coin!

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Trading Analysis

The current trading price of $0.000416918 for NBX is -$0.0004811 (-53.57%) below the coins 100-day moving average of $0.000897969. NBX meanwhile is $0.0003169 (-10994826.68%) above its 52-week low of $0.000100043 and -$0.03766596 (-26257.42%) under its 52-week high price of $0.038082879. Netbox Coin'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 28. The price movement and range of NBX suggest that investors are bearish on the coin at this time. Netbox Coin has a market capitalization of $33,177.54 and a relatively low average daily volume with $2.34 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, NBX's volume is below its seven day average with 0.33 exchanged.

Summary

Technical analysis of Netbox Coin over the past year results in the crypto receiving a a weak long-term technical score of 28 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 Netbox Coin (NBX).