Ink Protocol (XNK): How Does the Chart Look Saturday?

Ink Protocol receives a strong long-term technical score of 96 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. XNK currently holds a superior long-term technical analysis score than 96% 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 Ink Protocol a 96 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ink Protocol!

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Trading Analysis

Ink Protocol's price is -$0.0000872 (-9.44%) below its 100-day moving average price of $0.000922921 as its price at the moment sits at $0.000835754. Additionally, XNK is $0.0062915 (201606.17%) higher than its 52-week low price of $-0.005455768 while -$0.00492042 (-173712.08%) under its 52-week high of $0.005756171. The current trading price in relation to its long-term average along with its 52-week high and low, gives XNK a strong long-term technical score of 96. Long-term trading movement of Ink Protocol suggest that investors are neutral on the token at the moment. Ink Protocol has a total market value of $356,961.59 with an low average daily volume of $6,089.39 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, XNK's volume is below its average with $821.99 exchanged in total. This token's subclass Marketplace: These are online marketplaces where users can buy and sell cryptocurrencies and other blockchain-based goods.

Summary

Technical analysis of Ink Protocol over the past year results in the crypto receiving a a strong long-term technical score of 96 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Ink Protocol (XNK).