What do the Long-Term Technicals Predict for Coinsbit Token (CNB) Saturday?

Saturday, July 30, 2022 03:42 PM | InvestorsObserver Analysts

Coinsbit Token receives an average long-term technical score of 60 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, CNB holds a superior long-term technical analysis score than 60% 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 Coinsbit Token a 60 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Coinsbit Token!

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Trading Analysis

CNB is currently -$0.0000130 (-6.29%) below its 100-day moving average price of $0.000206576 with its current price of $0.000193573. Meanwhile, Coinsbit Token is $0.0000642 (-8504051.96%) above its 52-week low price of $0.000129348 and -$0.00110348 (-770965.35%) below its 52-week high of $0.001297050. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 60. Trends for the long-term trading history of Coinsbit Token suggest that traders are currently neutral on the token. Coinsbit Token has a total market value of $257,697.20 with an low average daily volume of $1.73 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, CNB's volume is below its average with $0.00 exchanged in total.

Summary

Technical analysis of Coinsbit Token over the past year results in the crypto receiving a an average long-term technical score of 60 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 Coinsbit Token (CNB).