Is Pancake Bunny (BUNNY) Trending Lower or Higher Friday?

Friday, January 28, 2022 05:21 PM | InvestorsObserver Analysts

InvestorsObserver gives Pancake Bunny a weak long-term technical score of 4 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. BUNNY at this time has a superior long-term technical analysis score than 4% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving Pancake Bunny a 4 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Pancake Bunny!

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Trading Analysis

The current trading price of $0.460000000 for BUNNY is -$1.5200000 (-76.57%) below the tokens 100-day moving average of $1.980000000. BUNNY meanwhile is $0.0000000 (-2268.02%) above its 52-week low of $0.460000000 and -$552.86000000 (-1.72%) under its 52-week high price of $553.320000000. Pancake Bunny's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 4. The price movement and range of BUNNY suggest that investors are bearish on the token at this time. Pancake Bunny has a market capitalization of $237,014.52 and a relatively low average daily volume with $5,499,506.65 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, BUNNY's volume is below its seven day average with 763,813.43 exchanged. This token's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Trading patterns over the last year for Pancake Bunny leads to the token's a weak long-term technical score of 4 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on Pancake Bunny (BUNNY).