CoinFi (COFI): Does it Score Poorly on Short-Term Trading Metrics Saturday?

Saturday, January 29, 2022 07:34 AM | InvestorsObserver Analysts

CoinFi receives a strong short-term technical ranking of 98 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. COFI has a superior recent technical analysis than 98% 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 CoinFi a 98 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on CoinFi!

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Trading Analysis

CoinFi is $0.001722 (93.61%) above its 30-day low of $0.001839641 while -$0.001425 (-28.57%) below its 30-day high of $0.00498625. In addition, COFI's current price of $0.003561671 is above its 30-day moving average price of $0.003172122, leading to a strong short-term technical score. Overall the recent trading history of CoinFi suggest that investors are bullish on the token at the moment. CoinFi's market cap of $763,633.14 is relatively low for a token. CoinFi'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, COFI's average volume is low with $601,270.25 worth of the token traded over an average 24 hour period. COFI'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, COFI's volume is below its usual with $82,086.97 exchanged.

Summary

COFI'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 CoinFi (COFI).