Is Myriad (XMY) Trending Lower or Higher Saturday?

Saturday, April 01, 2023 01:26 PM | InvestorsObserver Analysts

InvestorsObserver gives Myriad a weak short-term technical score of 2 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. XMY has currently traded better than 2% 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 Myriad a 2 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Myriad!

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Trading Analysis

Myriad is $0.000000 (0.03%) above its 30-day low of $0.000055000 while -$0.000288 (-83.95%) below its 30-day high of $0.00034269. In addition, XMY's current price of $0.000055018 is under its 30-day moving average price of $0.000121786, leading to a weak short-term technical score. Overall the recent trading history of Myriad suggest that investors are bearish on the coin at the moment. Myriad's market cap of $101,405.94 is relatively low for a coin. Myriad'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, XMY's average volume is low with $22,206.79 worth of the coin traded over an average 24 hour period. XMY'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, XMY's volume is below its usual with $2,937.38 exchanged.

Summary

XMY'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 Myriad (XMY).