What do the Short-Term Technicals Predict for x42 Protocol (X42) Saturday?

Saturday, April 22, 2023 06:46 AM | InvestorsObserver Analysts

x42 Protocol receives a weak short-term technical ranking of 7 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. X42 has a superior recent technical analysis than 7% 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 x42 Protocol a 7 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on x42 Protocol!
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Trading Analysis

X42 is currently $0.001401 (40.65%) above its 30-day low of $0.003446791 and -$0.005831 (-54.60%) below its 30-day high of $0.01067895. Additionally, X42 is under its average price of $0.007509628 over the past month of trading with its current price of $0.004847927. Overall, the recent trading history of x42 Protocol suggest that traders are currently bearish on the coin.
x42 Protocol's market cap of $97,767.59 is relatively low for a coin. x42 Protocol'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. Meanwhile, X42's average volume is low with $4,467.04 worth of the coin traded over an average 24 hour period. X42'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 last 24 hours, X42's volume is below its usual with $669.50 exchanged.

Summary

X42's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term. Click Here to get the full Report on x42 Protocol (X42).

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