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

Wednesday, May 25, 2022 07:58 AM | InvestorsObserver Analysts

Axis DeFi receives an average long-term technical score of 54 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 54% 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 54 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

AXIS is currently -$0.0349393 (-64.68%) below its 100-day moving average price of $0.054022520 with its current price of $0.019083251. Meanwhile, Axis DeFi is $0.0100912 (-122117.46%) above its 52-week low price of $0.008992094 and -$1.33855964 (-735.17%) below its 52-week high of $1.357642889. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 54. Trends for the long-term trading history of Axis DeFi suggest that traders are currently neutral on the token. Axis DeFi currently has a total market cap of $39,777.15 to go along with its average daily volume of $2,475,727.45 worth of the currency over the past seven days. AXIS's volume is below its seven day average as of the past 24 hours, with 378,039.18 exchanged in that period.

Summary

Technical analysis of Axis DeFi over the past year results in the crypto receiving a an average long-term technical score of 54 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Axis DeFi (AXIS).