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Is Effect Network (EFX) Trending Lower or Higher Friday?

Friday, March 01, 2024 05:09 PM | InvestorsObserver Analysts
Is Effect Network (EFX) Trending Lower or Higher Friday?

Effect Network receives a strong long-term technical score of 99 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token'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, EFX holds a superior long-term technical analysis score than 99% 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 tokens that have bottomed out.

Long-Term Technical - 99
InvestorsObserver is giving Effect Network a 99 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Effect Network!

Trading Analysis

EFX is currently $0.0500000 (830.32%) above its 100-day moving average price of $0.010000000 with its current price of $0.060000000. Meanwhile, Effect Network is $0.0600000 (-614253.23%) above its 52-week low price of $0.000000000 and -$0.05000000 (-8800.73%) below its 52-week high of $0.110000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 99. Trends for the long-term trading history of Effect Network suggest that traders are currently neutral on the token. Effect Network has a total market value of $15,119,888.01 with an average average daily volume of $2,855,205.63 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, EFX's volume is below its average with $446,323.75 exchanged in total.

Summary

Trading patterns over the last year for Effect Network leads to the token's a strong long-term technical score of 99 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Effect Network (EFX).

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