Axis DeFi (AXIS): Does it Score Poorly on Long-Term Trading Metrics Sunday?

Sunday, October 09, 2022 05:33 PM | InvestorsObserver Analysts

Axis DeFi receives an average long-term technical score of 52 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, AXIS holds a superior long-term technical analysis score than 52% 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 Axis DeFi a 52 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Axis DeFi!

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Trading Analysis

The current trading price of $0.038444466 for AXIS is -$0.0006498 (-1.66%) below the tokens 100-day moving average of $0.039094248. AXIS meanwhile is $0.0294524 (-121902.15%) above its 52-week low of $0.008992094 and -$0.73055243 (-1295.40%) under its 52-week high price of $0.768996894. Axis DeFi'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 52. The price movement and range of AXIS suggest that investors are neutral on the token at this time. Axis DeFi has a total market value of $80,133.68 with an low average daily volume of $481,172.58 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, AXIS's volume is below its average with $60,624.84 exchanged in total.

Summary

Trading patterns over the last year for Axis DeFi leads to the token's an average long-term technical score of 52 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Axis DeFi (AXIS).