Matrexcoin (MAC): Does it Score Well on Short-Term Trading Metrics Wednesday?

Wednesday, December 22, 2021 06:18 AM | InvestorsObserver Analysts

InvestorsObserver gives Matrexcoin an average short-term technical score of 60 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. MAC has currently traded better than 60% 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 Matrexcoin a 60 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Matrexcoin!

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Trading Analysis

Matrexcoin is $0.003521 (251.35%) above its 30-day low of $0.001400963 while -$0.002794 (-36.21%) below its 30-day high of $0.00771616. In addition, MAC's current price of $0.004922316 is under its 30-day moving average price of $0.005329928, leading to an average short-term technical score. Overall the recent trading history of Matrexcoin suggest that investors are neutral on the token at the moment. MAC has a relatively low market cap for a token with a total market value of $109,159.44. Matrexcoin'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. Matrexcoin's average volume meanwhile is low with $0.89 worth of the token traded over a typical 24 hour period. MAC'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. As of the past 24 hours, MAC's volume is below its average with $0.13 exchanged.

Summary

MAC's recent trading over the past month give it an average short-term technical score as its recent price movement give traders reason to be more neutral on the token in the short-term. Click Here to get the full Report on Matrexcoin (MAC).