What do the Long-Term Technicals Predict for Beer Money (BEER) Tuesday?

Tuesday, January 31, 2023 06:09 AM | InvestorsObserver Analysts

Beer Money receives a strong long-term technical score of 96 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, BEER holds a superior long-term technical analysis score than 96% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Beer Money a 96 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Beer Money!

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Trading Analysis

Beer Money's price is $0.0142092 (186.40%) above its 100-day moving average price of $0.007622831 as its price at the moment sits at $0.021832071. Additionally, BEER is $0.0186949 (-349938.25%) higher than its 52-week low price of $0.003137173 while -$0.01527393 (-26890.99%) under its 52-week high of $0.037105996. The current trading price in relation to its long-term average along with its 52-week high and low, gives BEER a strong long-term technical score of 96. Long-term trading movement of Beer Money suggest that investors are neutral on the token at the moment. Beer Money has a market capitalization of $895,114.87 and a relatively low average daily volume with $77,925.59 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, BEER's volume is below its seven day average with 10,117.40 exchanged.

Summary

Technical analysis of Beer Money over the past year results in the crypto receiving a a strong long-term technical score of 96 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Beer Money (BEER).