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Tokenbox (TBX): How Does the Chart Look Saturday?

Saturday, December 04, 2021 11:24 AM | InvestorsObserver Analysts
Tokenbox (TBX): How Does the Chart Look Saturday?

Tokenbox receives a weak short-term technical ranking of 18 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. TBX has a superior recent technical analysis than 18% of tokens 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 - 18
InvestorsObserver is giving Tokenbox a 18 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tokenbox!

Trading Analysis

Tokenbox is $0.05 (-171.24%) above its 30-day low of $-0.03 while -$0.15 (-87.42%) below its 30-day high of $0.17. In addition, TBX's current price of $0.02 is under its 30-day moving average price of $0.04, leading to a weak short-term technical score. Overall the recent trading history of Tokenbox suggest that investors are bearish on the token at the moment. TBX has a low market cap compared to the majority of tokens with a total market value of $234,903.44. Tokenbox'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. Tokenbox's average volume is low as $33,325.72 worth of the token is typically traded over a 24 hour period. TBX'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 TBX's volume is below its average with $2,330.21 exchanged.

Summary

Tokenbox'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 Tokenbox (TBX).

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