Should You Buy WeOwn (CHX) Sunday?

Sunday, May 07, 2023 06:36 AM | InvestorsObserver Analysts

WeOwn receives a strong short-term technical ranking of 86 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. CHX has a superior recent technical analysis than 86% of coins 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 WeOwn a 86 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on WeOwn!
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Trading Analysis

WeOwn is $0.000537 (69.32%) higher than its 30-day low price of $0.000774095 while also -$0.001061 (-44.73%) lower than its high of $0.00237158 from the past month of trading. Meanwhile, CHX's current price of $0.001310678 is above its average price of $0.001005635 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of WeOwn suggest that traders are currently bullish on the coin.
CHX has a low market cap compared to the majority of coins with a total market value of $130,699.50. WeOwn'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. WeOwn's average volume is low as $96,694.99 worth of the coin is typically traded over a 24 hour period. CHX'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 CHX's volume is below its average with $13,716.48 exchanged.

Summary

CHX'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 coin in the short-term. Click Here to get the full Report on WeOwn (CHX).

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