Should You Buy HashNet BitEco (HNB) Friday?

HashNet BitEco receives a weak short-term technical score of 5 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. HNB holds a better recent technical analysis than 5% of tokens 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 HashNet BitEco a 5 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on HashNet BitEco!

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Trading Analysis

HashNet BitEco is $0.000096 (75.00%) higher than its 30-day low price of $0.000128046 while also -$0.000226 (-50.24%) lower than its high of $0.00045034 from the past month of trading. Meanwhile, HNB's current price of $0.000224079 is under its average price of $0.000301547 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of HashNet BitEco suggest that traders are currently bearish on the token. HNB has a low market cap compared to the majority of tokens with a total market value of $6,641.80. HashNet BitEco'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. HashNet BitEco's average volume is low as $733.20 worth of the token is typically traded over a 24 hour period. HNB'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 HNB's volume is below its average with $95.74 exchanged.

Summary

HashNet BitEco'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 HashNet BitEco (HNB).