Should You Buy BlackCoin (BLK) Monday?

Monday, January 24, 2022 09:50 AM | InvestorsObserver Analysts

BlackCoin receives a weak short-term technical score of 15 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. BLK holds a better recent technical analysis than 15% 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.

InvestorsObserver is giving BlackCoin a 15 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BlackCoin!

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Trading Analysis

BLK is currently $0.006471 (42.69%) above its 30-day low of $0.015157138 and -$0.021463 (-49.81%) below its 30-day high of $0.04309094. Additionally, BLK is under its average price of $0.035128338 over the past month of trading with its current price of $0.021627802. Overall, the recent trading history of BlackCoin suggest that traders are currently bearish on the coin. BLK has a low market cap compared to the majority of coins with a total market value of $1,322,606.19. BlackCoin'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. BlackCoin's average volume is low as $93,961.23 worth of the coin is typically traded over a 24 hour period. BLK'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 BLK's volume is below its average with $12,898.38 exchanged.

Summary

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