Is AFEN Blockchain Network (AFEN) Trending Lower or Higher Wednesday?

Wednesday, December 06, 2023 06:25 AM | InvestorsObserver Analysts

AFEN Blockchain Network receives a strong short-term technical ranking of 99 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. AFEN has a superior recent technical analysis than 99% of tokens 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 AFEN Blockchain Network a 99 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on AFEN Blockchain Network!

Trading Analysis

AFEN Blockchain Network is $0.000630 (830.37%) higher than its 30-day low price of $0.000075820 while also -$0.000213 (-23.23%) lower than its high of $0.00091889 from the past month of trading. Meanwhile, AFEN's current price of $0.000705403 is above its average price of $0.000233319 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of AFEN Blockchain Network suggest that traders are currently bullish on the token.
AFEN has a relatively low market cap for a token with a total market value of $103,599.29. AFEN Blockchain Network'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. AFEN Blockchain Network's average volume meanwhile is low with $372,047.42 worth of the token traded over a typical 24 hour period. AFEN'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, AFEN's volume is below its average with $56,179.75 exchanged.

Summary

AFEN'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 token in the short-term. Click Here to get the full Report on AFEN Blockchain Network (AFEN).

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