APENFT (NFT) What Does the Chart Say Wednesday?

Wednesday, August 30, 2023 11:38 AM | InvestorsObserver Analysts

InvestorsObserver gives APENFT a strong short-term technical score of 84 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. NFT has currently traded better than 84% of tokens 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 APENFT a 84 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on APENFT!

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Trading Analysis

APENFT is $0.000000 (3.76%) above its 30-day low of $0.000000302 while $0.000000 (-9.62%) below its 30-day high of $0.00000035. In addition, NFT's current price of $0.000000313 is under its 30-day moving average price of $0.000000321, leading to a strong short-term technical score. Overall the recent trading history of APENFT suggest that investors are bullish on the token at the moment. NFT has a average market cap compared to the majority of tokens with a total market value of $310,019,407.78. The market valuation for APENFT is relatively average due to the largest 100 cryptos having a market cap above $1 billion and NFT sits underneath that mark but remains above $100 million in market capilization. APENFT's average volume is average as $150,152,627.69 worth of the token is typically traded over a 24 hour period. The volume for NFT is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours NFT's volume is below its average with $20,664,182.79 exchanged. APENFT's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

NFT'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 token in the short-term. Click Here to get the full Report on APENFT (NFT).