Is Zenfuse (ZEFU) Heading the Wrong Direction Tuesday?

Tuesday, June 06, 2023 11:35 AM | InvestorsObserver Analysts

InvestorsObserver gives Zenfuse a strong short-term technical score of 66 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. ZEFU has currently traded better than 66% of tokens 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 Zenfuse a 66 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Zenfuse!

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Trading Analysis

Zenfuse is $0.003023 (64.13%) above its 30-day low of $0.004714197 while -$0.014573 (-65.32%) below its 30-day high of $0.02231043. In addition, ZEFU's current price of $0.007737507 is above its 30-day moving average price of $0.006356179, leading to a strong short-term technical score. Overall the recent trading history of Zenfuse suggest that investors are bullish on the token at the moment. Currently, volume and market capitalization data for ZEFU are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find tokens such as Zenfuse extra intriguing.

Summary

ZEFU'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 Zenfuse (ZEFU).