Axion (AXN): How Does the Chart Look Saturday?

Saturday, January 29, 2022 01:37 PM | InvestorsObserver Analysts

Axion receives a strong short-term technical ranking of 68 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. AXN has a superior recent technical analysis than 68% of tokens 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 Axion a 68 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Axion!

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Trading Analysis

Axion is $0.000004 (8.90%) above its 30-day low of $0.000039428 while -$0.000072 (-62.68%) below its 30-day high of $0.00011504. In addition, AXN's current price of $0.000042937 is under its 30-day moving average price of $0.000054637, leading to a strong short-term technical score. Overall the recent trading history of Axion suggest that investors are bullish on the token at the moment. Axion's market cap of $0.00 is relatively low for a token. Axion'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, AXN's average volume is low with $46,722.13 worth of the token traded over an average 24 hour period. AXN'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, AXN's volume is below its usual with $6,344.83 exchanged.

Summary

AXN'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 Axion (AXN).