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What do the Long-Term Technicals Predict for Bitzeny (ZNY) Sunday?

Sunday, January 09, 2022 02:59 PM | InvestorsObserver Analysts
What do the Long-Term Technicals Predict for Bitzeny (ZNY) Sunday?

Bitzeny receives a weak long-term technical score of 24 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. ZNY currently holds a superior long-term technical analysis score than 24% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 24
InvestorsObserver is giving Bitzeny a 24 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitzeny!

Trading Analysis

Bitzeny's price is -$0.0011461 (-57.41%) below its 100-day moving average price of $0.001996173 as its price at the moment sits at $0.000850097. Additionally, ZNY is $0.0004758 (-2938513.43%) higher than its 52-week low price of $0.000374310 while -$0.01086183 (-85375.77%) under its 52-week high of $0.011711930. The current trading price in relation to its long-term average along with its 52-week high and low, gives ZNY an average long-term technical score of 24. Long-term trading movement of Bitzeny suggest that investors are bearish on the coin at the moment. Bitzeny has a market capitalization of $64,279.64 and a relatively low average daily volume with $376.62 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ZNY's volume is below its seven day average with 54.24 exchanged.

Summary

Trading patterns over the last year for Bitzeny leads to the coin's a weak long-term technical score of 24 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on Bitzeny (ZNY).

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