What do the Short-Term Technicals Predict for BitTorrent-New (BTT) Saturday?

Saturday, November 26, 2022 06:45 AM | InvestorsObserver Analysts

BitTorrent-New receives a weak short-term technical score of 29 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. BTT holds a better recent technical analysis than 29% 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 BitTorrent-New a 29 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BitTorrent-New!

See Full Report

Trading Analysis

BitTorrent-New is $0.000000 (7.85%) higher than its 30-day low price of $0.000000636 while also $0.000000 (-18.93%) lower than its high of $0.00000085 from the past month of trading. Meanwhile, BTT's current price of $0.000000686 is under its average price of $0.000000733 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of BitTorrent-New suggest that traders are currently bearish on the token. BitTorrent-New's market cap of $648,428,060.24 is relatively average for a token. The market valuation for BitTorrent-New is relatively average due to the largest 100 cryptos having a market cap above $1 billion and BTT sits underneath that mark but remains above $100 million in market capilization. Meanwhile, BTT's average volume is average with $138,824,164.99 worth of the token traded over an average 24 hour period. The volume for BTT is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, BTT's volume is below its usual with $14,717,435.78 exchanged. BitTorrent-New's subclass Distributed Computing: While all blockchain technology is a form of distributed computing, projects in this category typically give access to a set of distributed computing resources.

Summary

BTT's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on BitTorrent-New (BTT).