Should You Buy Cred (LBA) Saturday?

InvestorsObserver gives Cred a strong short-term technical score of 96 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. LBA has currently traded better than 96% 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 Cred a 96 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Cred!

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Trading Analysis

Cred is $0.000964 (50.77%) above its 30-day low of $0.001898324 while -$0.001179 (-29.18%) below its 30-day high of $0.00404152. In addition, LBA's current price of $0.002862125 is above its 30-day moving average price of $0.002644258, leading to a strong short-term technical score. Overall the recent trading history of Cred suggest that investors are bullish on the token at the moment. LBA has a relatively low market cap for a token with a total market value of $2,834,677.34. Cred'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. Cred's average volume meanwhile is low with $5,182,403.66 worth of the token traded over a typical 24 hour period. LBA'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, LBA's volume is below its average with $892,923.85 exchanged. Cred's subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.

Summary

Cred'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 token in the near future. Click Here to get the full Report on Cred (LBA).