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Should You Buy BitCoal (COAL) Monday?

Monday, January 17, 2022 04:01 PM | InvestorsObserver Analysts
Should You Buy BitCoal (COAL) Monday?

BitCoal receives a strong short-term technical score of 85 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. COAL holds a better recent technical analysis than 85% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 85
InvestorsObserver is giving BitCoal a 85 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BitCoal!

Trading Analysis

COAL is currently $0.001010 (36.26%) above its 30-day low of $0.002785760 and -$0.001491 (-28.21%) below its 30-day high of $0.00528727. Additionally, COAL is above its average price of $0.003575116 over the past month of trading with its current price of $0.003795955. Overall, the recent trading history of BitCoal suggest that traders are currently bullish on the coin. COAL has a low market cap compared to the majority of coins with a total market value of $17,081.80. BitCoal'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. BitCoal's average volume is low as $181.16 worth of the coin is typically traded over a 24 hour period. COAL'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 COAL's volume is below its average with $23.85 exchanged.

Summary

BitCoal'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 coin's short-term movement. Click Here to get the full Report on BitCoal (COAL).

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