What do the Short-Term Technicals Predict for Bionic (BNC) Wednesday?

Wednesday, December 08, 2021 07:23 AM | InvestorsObserver Analysts

Bionic receives a weak short-term technical score of 12 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. BNC holds a better recent technical analysis than 12% 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 Bionic a 12 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bionic!

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Trading Analysis

Bionic is $0.000004 (6.82%) above its 30-day low of $0.000059342 while -$0.000132 (-67.54%) below its 30-day high of $0.00019525. In addition, BNC's current price of $0.000063389 is under its 30-day moving average price of $0.000106255, leading to a weak short-term technical score. Overall the recent trading history of Bionic suggest that investors are bearish on the token at the moment. BNC has a relatively low market cap for a token with a total market value of $32,894.63. Bionic'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. Bionic's average volume meanwhile is low with $2,624.63 worth of the token traded over a typical 24 hour period. BNC'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. As of the past 24 hours, BNC's volume is below its average with $393.30 exchanged.

Summary

Bionic's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on Bionic (BNC).