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Should You Buy Bitzeny (ZNY) Friday?

Friday, January 21, 2022 10:28 AM | InvestorsObserver Analysts
Should You Buy Bitzeny (ZNY) Friday?

Bitzeny receives a strong short-term technical ranking of 81 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. ZNY has a superior recent technical analysis than 81% of coins 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 - 81
InvestorsObserver is giving Bitzeny a 81 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitzeny!

Trading Analysis

ZNY is currently $0.000006 (0.82%) above its 30-day low of $0.000759170 and -$0.000959 (-55.62%) below its 30-day high of $0.00172439. Additionally, ZNY is under its average price of $0.000906927 over the past month of trading with its current price of $0.000765366. Overall, the recent trading history of Bitzeny suggest that traders are currently bullish on the coin. Bitzeny's market cap of $57,872.80 is relatively low for a coin. Bitzeny'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, ZNY's average volume is low with $0.22 worth of the coin traded over an average 24 hour period. ZNY'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, ZNY's volume is below its usual with $0.03 exchanged.

Summary

Bitzeny's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the coin in the near future. Click Here to get the full Report on Bitzeny (ZNY).

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