Axis DeFi (AXIS): How Does the Chart Look Thursday?

Thursday, November 09, 2023 04:23 PM | InvestorsObserver Analysts

Axis DeFi receives an average short-term technical score of 63 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. AXIS holds a better recent technical analysis than 63% 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 Axis DeFi a 63 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Axis DeFi!
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Trading Analysis

Axis DeFi is $0.013115 (72.24%) higher than its 30-day low price of $0.018155191 while also -$0.000972 (-3.01%) lower than its high of $0.03224238 from the past month of trading. Meanwhile, AXIS's current price of $0.031270389 is above its average price of $0.021652401 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Axis DeFi suggest that traders are currently neutral on the token.
AXIS has a relatively low market cap for a token with a total market value of $65,180.03. Axis DeFi'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. Axis DeFi's average volume meanwhile is low with $269,499.37 worth of the token traded over a typical 24 hour period. AXIS'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, AXIS's volume is below its average with $38,244.47 exchanged.

Summary

Axis DeFi's trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the token in the near future. Click Here to get the full Report on Axis DeFi (AXIS).

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