HEX (HEX): Does it Score Poorly on Short-Term Trading Metrics Thursday?

Thursday, December 02, 2021 06:11 AM | InvestorsObserver Analysts

InvestorsObserver gives HEX a strong short-term technical score of 72 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. HEX has currently traded better than 72% 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 HEX a 72 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on HEX!

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Trading Analysis

HEX is $0.03 (19.86%) above its 30-day low of $0.15 while -$0.38 (-68.20%) below its 30-day high of $0.56. In addition, HEX's current price of $0.18 is under its 30-day moving average price of $0.20, leading to its a strong short-term technical score. Overall the recent trading history of HEX suggest that investors are bullish on the token at the moment. HEX's market cap of $30,667,193,199.50 is relatively high for a token. HEX's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and HEX meets that criteria. Meanwhile, HEX's average volume is high with $94,324,433.40 worth of the token traded over an average 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. Over the last 24 hours, HEX's volume is below its usual with $13,261,234.05 exchanged.

Summary

HEX's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on HEX (HEX).