Is Ubex (UBEX) Heading the Right Direction Tuesday?

Tuesday, February 01, 2022 06:45 PM | InvestorsObserver Analysts

Ubex receives a strong short-term technical ranking of 90 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. UBEX has a superior recent technical analysis than 90% 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 Ubex a 90 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ubex!

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Trading Analysis

Ubex is $0.000235 (229.68%) above its 30-day low of $0.000102306 while -$0.000059 (-14.96%) below its 30-day high of $0.00039659. In addition, UBEX's current price of $0.000337280 is above its 30-day moving average price of $0.000227795, leading to a strong short-term technical score. Overall the recent trading history of Ubex suggest that investors are bullish on the token at the moment. UBEX has a low market cap compared to the majority of tokens with a total market value of $1,115,134.39. Ubex'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. Ubex's average volume is low as $1,268,376.53 worth of the token is typically traded over a 24 hour period. UBEX'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 past 24 hours UBEX's volume is below its average with $198,905.95 exchanged.

Summary

UBEX's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on Ubex (UBEX).