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Is WagyuSwap (WAG) Heading the Right Direction Thursday?

Thursday, February 29, 2024 07:47 PM | InvestorsObserver Analysts
Is WagyuSwap (WAG) Heading the Right Direction Thursday?

InvestorsObserver gives WagyuSwap an average long-term technical score of 49 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. WAG at this time has a superior long-term technical analysis score than 49% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

Long-Term Technical - 49
InvestorsObserver is giving WagyuSwap a 49 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on WagyuSwap!

Trading Analysis

WAG is currently $0.0011672 (34.90%) above its 100-day moving average price of $0.003344324 with its current price of $0.004511537. Meanwhile, WagyuSwap is $0.0037064 (-1365728.61%) above its 52-week low price of $0.000805101 and -$0.00262388 (-140082.75%) below its 52-week high of $0.007135417. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 49. Trends for the long-term trading history of WagyuSwap suggest that traders are currently bearish on the token. WagyuSwap has a total market value of $244,369.04 with an low average daily volume of $612,038.84 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, WAG's volume is below its average with $73,434.16 exchanged in total.

Summary

WAG's historical trading over the past year gives it a an average long-term technical score of 49 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on WagyuSwap (WAG).

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