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Is Maxcoin (MAX) Trending Lower or Higher Friday?

Friday, February 11, 2022 04:50 PM | InvestorsObserver Analysts
Is Maxcoin (MAX) Trending Lower or Higher Friday?

Maxcoin receives an average long-term technical score of 47 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin'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, MAX holds a superior long-term technical analysis score than 47% 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 coins that have bottomed out.

Long-Term Technical - 47
InvestorsObserver is giving Maxcoin a 47 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Maxcoin!

Trading Analysis

The current trading price of $0.006383773 for MAX is -$0.0031779 (-33.24%) below the coins 100-day moving average of $0.009561684. MAX meanwhile is $0.0020145 (-251609.51%) above its 52-week low of $0.004369317 and -$0.27449426 (-3557.99%) under its 52-week high price of $0.280878037. Maxcoin's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 47. The price movement and range of MAX suggest that investors are bearish on the coin at this time. Maxcoin currently has a total market cap of $392,256.10 to go along with its average daily volume of $974.36 worth of the currency over the past seven days. MAX's volume is below its seven day average as of the past 24 hours, with 136.89 exchanged in that period.

Summary

Trading patterns over the last year for Maxcoin leads to the coin's an average long-term technical score of 47 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on Maxcoin (MAX).

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