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Is XTRABYTES (XBY) Heading the Wrong Direction Sunday?

Sunday, January 09, 2022 04:49 PM | InvestorsObserver Analysts
Is XTRABYTES (XBY) Heading the Wrong Direction Sunday?

InvestorsObserver gives XTRABYTES a strong short-term technical score of 97 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. XBY has currently traded better than 97% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short-Term Technical - 97
InvestorsObserver is giving XTRABYTES a 97 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on XTRABYTES!

Trading Analysis

XTRABYTES is $0.000437 (106.35%) above its 30-day low of $0.000410774 while -$0.000111 (-11.59%) below its 30-day high of $0.00095879. In addition, XBY's current price of $0.000847616 is above its 30-day moving average price of $0.000500205, leading to a strong short-term technical score. Overall the recent trading history of XTRABYTES suggest that investors are bullish on the coin at the moment. XBY has a low market cap compared to the majority of coins with a total market value of $364,474.96. XTRABYTES'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. XTRABYTES's average volume is low as $93.31 worth of the coin is typically traded over a 24 hour period. XBY'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 XBY's volume is below its average with $12.84 exchanged.

Summary

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

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