Is AFEN Blockchain (AFEN) Trending Lower or Higher Tuesday?

Tuesday, March 22, 2022 05:09 PM | InvestorsObserver Analysts

AFEN Blockchain receives a strong short-term technical score of 82 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. AFEN holds a better recent technical analysis than 82% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving AFEN Blockchain a 82 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on AFEN Blockchain!

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Trading Analysis

AFEN is currently $0.000942 (71.91%) above its 30-day low of $0.001309593 and -$0.001394 (-38.24%) below its 30-day high of $0.00364531. Additionally, AFEN is above its average price of $0.001663371 over the past month of trading with its current price of $0.002251318. Overall, the recent trading history of AFEN Blockchain suggest that traders are currently bullish on the token. AFEN Blockchain's market cap of $330,640.67 is relatively low for a token. AFEN Blockchain'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. Meanwhile, AFEN's average volume is low with $7,530,128.77 worth of the token traded over an average 24 hour period. AFEN'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. Over the last 24 hours, AFEN's volume is below its usual with $1,048,998.87 exchanged.

Summary

AFEN Blockchain'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 AFEN Blockchain (AFEN).