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Helix (HLIX): How Does the Chart Look Monday?

Monday, January 31, 2022 07:45 AM | InvestorsObserver Analysts
Helix (HLIX): How Does the Chart Look Monday?

Helix receives a weak short-term technical ranking of 11 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. HLIX has a superior recent technical analysis than 11% of coins 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.

Short-Term Technical - 11
InvestorsObserver is giving Helix a 11 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Helix!

Trading Analysis

Helix is $0.000783 (132.70%) higher than its 30-day low price of $0.000589713 while also -$0.003410 (-71.31%) lower than its high of $0.00478273 from the past month of trading. Meanwhile, HLIX's current price of $0.001372270 is under its average price of $0.002304881 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Helix suggest that traders are currently bearish on the coin. HLIX has a relatively low market cap for a coin with a total market value of $50,528.37. Helix'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. Helix's average volume meanwhile is low with $245.49 worth of the coin traded over a typical 24 hour period. HLIX'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, HLIX's volume is below its average with $36.96 exchanged.

Summary

HLIX'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 coin in the short-term. Click Here to get the full Report on Helix (HLIX).

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