Membrana (MBN): Does it Score Poorly on Short-Term Trading Metrics Monday?

Monday, January 10, 2022 02:11 PM | InvestorsObserver Analysts

Membrana receives a weak short-term technical ranking of 18 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. MBN has a superior recent technical analysis than 18% of tokens 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.

InvestorsObserver is giving Membrana a 18 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Membrana!

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Trading Analysis

Membrana is $0.000003 (1.25%) above its 30-day low of $0.000210035 while -$0.001278 (-85.73%) below its 30-day high of $0.00149028. In addition, MBN's current price of $0.000212668 is under its 30-day moving average price of $0.000416017, leading to a weak short-term technical score. Overall the recent trading history of Membrana suggest that investors are bearish on the token at the moment. MBN has a low market cap compared to the majority of tokens with a total market value of $80,333.19. Membrana'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. Membrana's average volume is low as $98,183.01 worth of the token is typically traded over a 24 hour period. MBN'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 MBN's volume is below its average with $14,728.24 exchanged.

Summary

Membrana's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Membrana (MBN).