MenaPay (MPAY): How Does the Chart Look Thursday?

Thursday, January 06, 2022 09:34 AM | InvestorsObserver Analysts

MenaPay receives a weak long-term technical score of 5 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token'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. MPAY currently holds a superior long-term technical analysis score than 5% 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. tokens 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'.

InvestorsObserver is giving MenaPay a 5 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on MenaPay!

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Trading Analysis

MPAY is currently -$0.0054659 (-80.92%) below its 100-day moving average price of $0.006754992 with its current price of $0.001289129. Meanwhile, MenaPay is $0.0008085 (-2288259.49%) above its 52-week low price of $0.000480658 and -$0.11923239 (-8296.20%) below its 52-week high of $0.120521523. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 5. Trends for the long-term trading history of MenaPay suggest that traders are currently bearish on the token. MenaPay has a market capitalization of $172,921.36 and a relatively low average daily volume with $2,298.52 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, MPAY's volume is below its seven day average with 568.32 exchanged.

Summary

Technical analysis of MenaPay over the past year results in the crypto receiving a a weak long-term technical score of 5 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on MenaPay (MPAY).