What are the short term technicals predicting for Innovation Blockchain Payment (IBP) Tuesday?
Innovation Blockchain Payment gets a strong short-term technical rating of 80 from InvestorsObserver data analysis. The proprietary rating system focuses on recent trading patterns over the past month to determine the strength of its short-term technical characteristics. IBP has a superior fresh technical analysis than 80% of tokens based on these trading metrics. Investors who primarily focus on short-term investment strategies will find this technical analysis most relevant to their goals when deciding whether to invest in a particular crypto.
Trade analysis
IBP is currently $0.000299 (54.73%) above the 30 day low of $0.000547160 and -$0.000586 (-40.89%) below the 30 day high of $0.00143220. Additionally, IBP is above its average price of $0.000789588 during the last trading month with current price of $0.000846616. Overall, the recent trading history of Innovation Blockchain Payment suggests that traders are currently bullish on the token. IBP has a low market cap compared to most tokens with a total market cap of $159,171.52. Innovation Blockchain Payment’s relatively low market cap comes as it sits below $100 million, while the top 100 cryptos remain over $1 billion in market cap and the top 500 are over $100 million. Innovation Blockchain Payment’s average volume is low as $238,775.30 worth of the token is typically traded over a 24-hour period. IBP’s volume is relatively low as the top 100 cryptos typically have $100 million traded each day and smaller cryptos tend to sit below $5 million traded over 24 hours. In the last 24 hours, IBP’s volume is below average with $35,226.73 exchanged.
Summary
Innovation Blockchain Payments’ price movement over the past month has led to a strong short-term technical score due to recent trading providing more bullish signals for traders about the token’s short-term movement. Click here for the full Innovation Blockchain Payment (IBP) report.
