Safex Token (SFT) What Does the Chart Say Wednesday?

Wednesday, May 11, 2022 10:55 AM | InvestorsObserver Analysts

InvestorsObserver gives Safex Token a weak short-term technical score of 7 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 technicals. SFT has currently traded better than 7% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Safex Token a 7 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Safex Token!
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Trading Analysis

Safex Token is $0.000128 (7.26%) above its 30-day low of $0.001763417 while -$0.004768 (-71.60%) below its 30-day high of $0.00665990. In addition, SFT's current price of $0.001891473 is under its 30-day moving average price of $0.003719781, leading to a weak short-term technical score. Overall the recent trading history of Safex Token suggest that investors are bearish on the coin at the moment.
SFT has a low market cap compared to the majority of coins with a total market value of $3,567,268.26. Safex Token'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. Safex Token's average volume is low as $11,672.98 worth of the coin is typically traded over a 24 hour period. SFT'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 past 24 hours SFT's volume is below its average with $1,803.45 exchanged.

Summary

Safex Token's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on Safex Token (SFT).

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