Is Paypex (PAYX) Heading the Wrong Direction Tuesday?

Tuesday, December 07, 2021 07:39 AM | InvestorsObserver Analysts

Paypex receives a weak short-term technical ranking of 1 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. PAYX has a superior recent technical analysis than 1% of tokens 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 Paypex a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Paypex!

See Full Report

Trading Analysis

PAYX is currently $0.00 (8.79%) above its 30-day low of $0.00 and $0.00 (-88.14%) below its 30-day high of $0.00. Additionally, PAYX is under its average price of $0.00 over the past month of trading with its current price of $0.00. Overall, the recent trading history of Paypex suggest that traders are currently bearish on the token. Paypex's market cap of $6,548.02 is relatively low for a token. Paypex'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, PAYX's average volume is low with $171.99 worth of the token traded over an average 24 hour period. PAYX'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, PAYX's volume is below its usual with $23.57 exchanged.

Summary

Paypex's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Paypex (PAYX).