Is Maxcoin (MAX) Heading the Right Direction Saturday?

Saturday, January 29, 2022 09:38 AM | InvestorsObserver Analysts

InvestorsObserver gives Maxcoin a weak short-term technical score of 16 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. MAX has currently traded better than 16% of coins 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 Maxcoin a 16 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Maxcoin!

See Full Report

Trading Analysis

Maxcoin is $0.001214 (21.53%) above its 30-day low of $0.005641290 while -$0.007703 (-52.91%) below its 30-day high of $0.01455853. In addition, MAX's current price of $0.006855749 is under its 30-day moving average price of $0.008915683, leading to a weak short-term technical score. Overall the recent trading history of Maxcoin suggest that investors are bearish on the coin at the moment. MAX has a relatively low market cap for a coin with a total market value of $421,257.01. Maxcoin'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. Maxcoin's average volume meanwhile is low with $741.75 worth of the coin traded over a typical 24 hour period. MAX'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. As of the past 24 hours, MAX's volume is below its average with $97.55 exchanged.

Summary

MAX'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 Maxcoin (MAX).