Should You Buy BNB Shinobi (CHAKRA) Friday?

Friday, January 07, 2022 05:45 PM | InvestorsObserver Analysts

InvestorsObserver gives BNB Shinobi a weak short-term technical score of 29 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. CHAKRA has currently traded better than 29% 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 BNB Shinobi a 29 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BNB Shinobi!

See Full Report

Trading Analysis

CHAKRA is currently $0.000000 (1.50%) above its 30-day low of $0.000000003 and $0.000000 (-46.47%) below its 30-day high of $0.00000001. Additionally, CHAKRA is under its average price of $0.000000004 over the past month of trading with its current price of $0.000000003. Overall, the recent trading history of BNB Shinobi suggest that traders are currently bearish on the token. CHAKRA has a relatively low market cap for a token with a total market value of $0.00. BNB Shinobi'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. BNB Shinobi's average volume meanwhile is low with $20,861.68 worth of the token traded over a typical 24 hour period. CHAKRA'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. As of the past 24 hours, CHAKRA's volume is below its average with $3,165.48 exchanged.

Summary

BNB Shinobi's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on BNB Shinobi (CHAKRA).