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Membrana (MBN): How Does the Chart Look Wednesday?
Wednesday, January 19, 2022 04:12 PM | InvestorsObserver Analysts
InvestorsObserver gives Membrana a weak short-term technical score of 32 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. MBN has currently traded better than 32% of tokens 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.
InvestorsObserver is giving Membrana a 32 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Membrana!
Trading Analysis
MBN is currently $0.000000 (0.00%) above its 30-day low of $0.000203751 and -$0.001287 (-86.33%) below its 30-day high of $0.00149028. Additionally, MBN is under its average price of $0.000378907 over the past month of trading with its current price of $0.000203751. Overall, the recent trading history of Membrana suggest that traders are currently bearish on the token.
Membrana's market cap of $76,964.83 is relatively low for a token. 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. Meanwhile, MBN's average volume is low with $12,275.52 worth of the token traded over an average 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 last 24 hours, MBN's volume is below its usual with $1,955.78 exchanged.
Summary
MBN'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 token in the short-term.
Click Here to get the full Report on Membrana (MBN).
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