What do the Short-Term Technicals Predict for MicroBitcoin (MBC) Sunday?

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Sunday 04 September 2022 16:05 | InvestorsObserver Analysts

What do short-term technicians predict for MicroBitcoin (MBC) on Sunday?

Investors Observer gives MicroBitcoin a strong short-term technical score of 67 from its analysis. The proprietary scoring system considers the coin’s trading history over the past month to determine the strength of its short-term technical data. MBC currently trades better than 67% of the coins based on these metrics. Investors focused on healthy recent trading patterns should find the most relevant short-term technical ranking system when making investment decisions.

Short-term technique - 67
Investors Observer is giving MicroBitcoin a short-term technical grade of 67. Find out what it means to you and get the rest of the rankings on MicroBitcoin!

Commercial analysis

MBC is currently $ 0.000003 (535.01%) above its 30-day low of $ 0.000000600 and – $ 0.000003 (-44.79%) below its 30-day high of $ 0.00000690. Furthermore, MBC is below its average price of $ 0.000004477 in the last trading month with its current price of $ 0.000003810. Overall, MicroBitcoin’s recent trading history suggests that traders are currently bullish on the coin. MBC has a low market cap compared to most coins with a total market value of $ 182,727.49. MicroBitcoin’s relatively low market value comes as it sits below $ 100 million, while the top 100 cryptocurrencies remain above $ 1 billion in market capitalization and the top 500 sit above $ 100 million. The average volume of MicroBitcoin is low as the coin worth $ 290.52 is generally traded over a 24 hour period. The volume of MBC is relatively low as the top 100 traded cryptocurrencies typically have $ 100 million traded every day and the smaller cryptocurrencies tend to stay below $ 5 million traded over 24 hours. Over the past 24 hours, MBC volume is below its average with $ 39.38 traded. The sub-class of MicroBitcoin Digital Money: Digital Money is an asset, commodity or currency intended to maintain value and liquidity over time so that it can be used in the same way fiat currencies are used.

Summary

MicroBitcoin’s price movement over the past month has led to a strong short-term technical score due to recent trading which has provided more bullish signals for traders on the short-term movement of the coin. Click here to get the full MicroBitcoin (MBC) report.

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