Is GenesisX (XGS) Heading the Wrong Direction Wednesday?

Wednesday, February 09, 2022 04:31 PM | InvestorsObserver Analysts

GenesisX receives a weak short-term technical ranking of 11 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. XGS has a superior recent technical analysis than 11% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving GenesisX a 11 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on GenesisX!

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Trading Analysis

GenesisX is $0.000559 (33.43%) higher than its 30-day low price of $0.001672763 while also -$0.000939 (-29.61%) lower than its high of $0.00317057 from the past month of trading. Meanwhile, XGS's current price of $0.002231884 is under its average price of $0.002435412 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of GenesisX suggest that traders are currently bearish on the coin. GenesisX's market cap of $27,494.75 is relatively low for a coin. GenesisX'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, XGS's average volume is low with $186.81 worth of the coin traded over an average 24 hour period. XGS'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, XGS's volume is below its usual with $28.61 exchanged.

Summary

XGS's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term. Click Here to get the full Report on GenesisX (XGS).