What do the Short-Term Technicals Predict for XTRABYTES (XBY) Thursday?

Thursday, February 03, 2022 02:27 PM | InvestorsObserver Analysts

XTRABYTES receives a strong short-term technical ranking of 96 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. XBY has a superior recent technical analysis than 96% 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 XTRABYTES a 96 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on XTRABYTES!

See Full Report

Trading Analysis

XTRABYTES is $0.000163 (48.98%) higher than its 30-day low price of $0.000331841 while also -$0.000359 (-42.06%) lower than its high of $0.00085328 from the past month of trading. Meanwhile, XBY's current price of $0.000494375 is above its average price of $0.000432070 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of XTRABYTES suggest that traders are currently bullish on the coin. XTRABYTES's market cap of $212,581.40 is relatively low for a coin. XTRABYTES'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. Meanwhile, XBY's average volume is low with $52.07 worth of the coin traded over an average 24 hour period. XBY'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. Over the last 24 hours, XBY's volume is below its usual with $8.00 exchanged.

Summary

XBY's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the coin in the short-term. Click Here to get the full Report on XTRABYTES (XBY).