What do the Short-Term Technicals Predict for Merebel (MERI) Friday?

Merebel receives a weak short-term technical ranking of 1 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. MERI has a superior recent technical analysis than 1% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Merebel a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Merebel!

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Trading Analysis

Merebel is $0.000000 (0.00%) higher than its 30-day low price of $0.002391528 while also -$0.006907 (-74.28%) lower than its high of $0.00929847 from the past month of trading. Meanwhile, MERI's current price of $0.002391528 is under its average price of $0.005205063 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Merebel suggest that traders are currently bearish on the coin. MERI has a relatively low market cap for a coin with a total market value of $14,816.34. Merebel'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. Merebel's average volume meanwhile is low with $411.80 worth of the coin traded over a typical 24 hour period. MERI'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, MERI's volume is below its average with $53.70 exchanged.

Summary

Merebel's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on Merebel (MERI).