What do the Long-Term Technicals Predict for HEX (HEX) Wednesday?

Wednesday, June 07, 2023 11:53 AM | InvestorsObserver Analysts

HEX receives a weak long-term technical score of 3 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, HEX holds a superior long-term technical analysis score than 3% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving HEX a 3 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on HEX!
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Trading Analysis

The current trading price of $0.011347428 for HEX is -$0.0478263 (-80.82%) below the tokens 100-day moving average of $0.059173776. HEX meanwhile is $0.0002912 (-99388.43%) above its 52-week low of $0.011056270 and -$0.11545254 (-7877.49%) under its 52-week high price of $0.126799971. HEX's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 3. The price movement and range of HEX suggest that investors are bearish on the token at this time. HEX has a total market value of $1,967,769,697.27 with an high average daily volume of $23,278,029.26 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, HEX's volume is below its average with $4,215,256.60 exchanged in total.

Summary

Technical analysis of HEX over the past year results in the crypto receiving a a weak long-term technical score of 3 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on HEX (HEX).

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