What do the Short-Term Technicals Predict for Ixcoin (IXC) Tuesday?

Tuesday, June 13, 2023 07:39 PM | InvestorsObserver Analysts

Ixcoin receives a weak short-term technical ranking of 25 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. IXC has a superior recent technical analysis than 25% 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 Ixcoin a 25 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ixcoin!
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Trading Analysis

Ixcoin is $0.000185 (1.39%) higher than its 30-day low price of $0.013273257 while also -$0.016615 (-55.25%) lower than its high of $0.03007359 from the past month of trading. Meanwhile, IXC's current price of $0.013458257 is under its average price of $0.020453939 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Ixcoin suggest that traders are currently bearish on the coin.
IXC has a relatively low market cap for a coin with a total market value of $287,206.40. Ixcoin'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. Ixcoin's average volume meanwhile is low with $11.69 worth of the coin traded over a typical 24 hour period. IXC'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, IXC's volume is below its average with $1.60 exchanged.

Summary

Ixcoin'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 Ixcoin (IXC).

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