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MyBit (MYB) What Does the Chart Say Tuesday?

Tuesday, February 15, 2022 06:46 PM | InvestorsObserver Analysts
MyBit (MYB) What Does the Chart Say Tuesday?

MyBit receives a strong short-term technical ranking of 94 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. MYB has a superior recent technical analysis than 94% 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.

Short-Term Technical - 94
InvestorsObserver is giving MyBit a 94 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on MyBit!

Trading Analysis

MyBit is $0.000290 (114.47%) above its 30-day low of $0.000253778 while -$0.000046 (-7.79%) below its 30-day high of $0.00059027. In addition, MYB's current price of $0.000544265 is above its 30-day moving average price of $0.000384878, leading to a strong short-term technical score. Overall the recent trading history of MyBit suggest that investors are bullish on the token at the moment. MyBit's market cap of $85,551.44 is relatively low for a token. MyBit'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, MYB's average volume is low with $1,402.64 worth of the token traded over an average 24 hour period. MYB'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, MYB's volume is below its usual with $184.32 exchanged.

Summary

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

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