FidexToken (FEX) What Does the Chart Say Wednesday?

Wednesday, January 19, 2022 09:53 AM | InvestorsObserver Analysts

InvestorsObserver gives FidexToken a weak short-term technical score of 1 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. FEX has currently traded better than 1% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving FidexToken a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on FidexToken!

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Trading Analysis

FidexToken is $0.000003 (212.66%) above its 30-day low of $0.000001208 while -$0.000486 (-99.23%) below its 30-day high of $0.00048995. In addition, FEX's current price of $0.000003778 is under its 30-day moving average price of $0.000082293, leading to a weak short-term technical score. Overall the recent trading history of FidexToken suggest that investors are bearish on the token at the moment. FEX has a relatively low market cap for a token with a total market value of $116,925.26. FidexToken'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. FidexToken's average volume meanwhile is low with $426.01 worth of the token traded over a typical 24 hour period. FEX'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. As of the past 24 hours, FEX's volume is below its average with $61.80 exchanged.

Summary

FEX's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on FidexToken (FEX).