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Is WAX (WAXP) Heading the Right Direction Friday?

Friday, February 18, 2022 02:36 PM | InvestorsObserver Analysts
Is WAX (WAXP) Heading the Right Direction Friday?

WAX receives an average long-term technical score of 59 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. WAXP currently holds a superior long-term technical analysis score than 59% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 59
InvestorsObserver is giving WAX a 59 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on WAX!

Trading Analysis

The current trading price of $0.310000000 for WAXP is -$0.1800000 (-36.63%) below the coins 100-day moving average of $0.490000000. WAXP meanwhile is $0.2400000 (-16186.71%) above its 52-week low of $0.070000000 and -$0.67000000 (-987.33%) under its 52-week high price of $0.980000000. WAX'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 59. The price movement and range of WAXP suggest that investors are neutral on the coin at this time. WAX currently has a total market cap of $606,537,284.36 to go along with its average daily volume of $244,786,569.30 worth of the currency over the past seven days. WAXP's volume is below its seven day average as of the past 24 hours, with 37,895,969.37 exchanged in that period.

Summary

WAXP's historical trading over the past year gives it a an average long-term technical score of 59 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on WAX (WAXP).

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