Is Matryx (MTX) Trending Lower or Higher Tuesday?

Matryx receives a weak long-term technical score of 4 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. MTX currently holds a superior long-term technical analysis score than 4% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Matryx a 4 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Matryx!

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Trading Analysis

Matryx's price is -$0.0211517 (-81.82%) below its 100-day moving average price of $0.025852348 as its price at the moment sits at $0.004700637. Additionally, MTX is $0.0028208 (-584919.48%) higher than its 52-week low price of $0.001879797 while -$14.64770987 (-68.22%) under its 52-week high of $14.652410507. The current trading price in relation to its long-term average along with its 52-week high and low, gives MTX an average long-term technical score of 4. Long-term trading movement of Matryx suggest that investors are bearish on the token at the moment. Matryx currently has a total market cap of $109,169.02 to go along with its average daily volume of $35,409.12 worth of the currency over the past seven days. MTX's volume is below its seven day average as of the past 24 hours, with 1,844.24 exchanged in that period.

Summary

Technical analysis of Matryx over the past year results in the crypto receiving a a weak long-term technical score of 4 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on Matryx (MTX).