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

Tuesday, March 29, 2022 09:21 AM | InvestorsObserver Analysts
Is Netbox Coin (NBX) Trending Lower or Higher Tuesday?

Netbox Coin receives a weak short-term technical ranking of 3 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. NBX has a superior recent technical analysis than 3% 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.

Short-Term Technical - 3
InvestorsObserver is giving Netbox Coin a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Netbox Coin!

Trading Analysis

Netbox Coin is $0.000704 (153.04%) higher than its 30-day low price of $0.000460341 while also -$0.005698 (-83.03%) lower than its high of $0.00686296 from the past month of trading. Meanwhile, NBX's current price of $0.001164838 is under its average price of $0.001767868 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Netbox Coin suggest that traders are currently bearish on the coin.
NBX has a relatively low market cap for a coin with a total market value of $92,410.77. Netbox Coin'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. Netbox Coin's average volume meanwhile is low with $84,536.11 worth of the coin traded over a typical 24 hour period. NBX'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. As of the past 24 hours, NBX's volume is below its average with $12,498.55 exchanged.

Summary

NBX's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term. Click Here to get the full Report on Netbox Coin (NBX).

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