Is ApolloX (APX) Trending Lower or Higher Wednesday?

Wednesday, June 08, 2022 07:33 AM | InvestorsObserver Analysts

InvestorsObserver gives ApolloX a weak short-term technical score of 4 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. APX has currently traded better than 4% 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 ApolloX a 4 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ApolloX!

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Trading Analysis

ApolloX is $0.005370 (22.98%) higher than its 30-day low price of $0.023365049 while also -$0.046006 (-61.55%) lower than its high of $0.07474136 from the past month of trading. Meanwhile, APX's current price of $0.028734875 is under its average price of $0.056087963 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of ApolloX suggest that traders are currently bearish on the token. APX has a relatively average market cap for a token with a total market value of $14,175,721.53. The market valuation for ApolloX is relatively average due to the largest 100 cryptos having a market cap above $1 billion and APX sits underneath that mark but remains above $100 million in market capilization. ApolloX's average volume meanwhile is average with $33,248,525.83 worth of the token traded over a typical 24 hour period. The volume for APX is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, APX's volume is below its average with $6,450,933.69 exchanged.

Summary

ApolloX's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on ApolloX (APX).