CoinFi (COFI): How Does it Rank Wednesday on Long-Term Trading Metrics?

Wednesday, February 02, 2022 02:02 PM | InvestorsObserver Analysts

CoinFi receives a strong long-term technical score of 89 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. COFI currently holds a superior long-term technical analysis score than 89% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving CoinFi a 89 Long-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's price is -$0.0012035 (-27.73%) below its 100-day moving average price of $0.004340486 as its price at the moment sits at $0.003136966. Additionally, COFI is $0.0021825 (-1152167.54%) higher than its 52-week low price of $0.000954450 while -$0.02515765 (-35331.32%) under its 52-week high of $0.028294619. The current trading price in relation to its long-term average along with its 52-week high and low, gives COFI a strong long-term technical score of 89. Long-term trading movement of CoinFi suggest that investors are neutral on the token at the moment. CoinFi has a market capitalization of $672,574.94 and a relatively low average daily volume with $995,924.09 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, COFI's volume is below its seven day average with 141,958.96 exchanged.

Summary

COFI's historical trading over the past year gives it a a strong long-term technical score of 89 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on CoinFi (COFI).