Is AllSafe (ASAFE) Heading the Right Direction Monday?

Monday, July 25, 2022 12:50 PM | InvestorsObserver Analysts

AllSafe receives a weak long-term technical score of 16 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, ASAFE holds a superior long-term technical analysis score than 16% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving AllSafe a 16 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on AllSafe!

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Trading Analysis

ASAFE is currently -$0.0041821 (-63.45%) below its 100-day moving average price of $0.006591514 with its current price of $0.002409462. Meanwhile, AllSafe is $0.0000120 (-458708.83%) above its 52-week low price of $0.002397510 and -$0.06693639 (-14417.00%) below its 52-week high of $0.069345854. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 16. Trends for the long-term trading history of AllSafe suggest that traders are currently bearish on the coin. Currently, volume and market capitalization data is not available for ASAFE. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find coins such as AllSafe extra intriguing.

Summary

Technical analysis of AllSafe over the past year results in the crypto receiving a a weak long-term technical score of 16 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on AllSafe (ASAFE).