Oxen (OXEN): How Does the Chart Look Wednesday?

Wednesday, February 09, 2022 05:25 PM | InvestorsObserver Analysts

Oxen receives an average long-term technical score of 41 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, OXEN holds a superior long-term technical analysis score than 41% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Oxen a 41 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Oxen!

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Trading Analysis

OXEN is currently -$0.1800000 (-27.24%) below its 100-day moving average price of $0.640000000 with its current price of $0.470000000. Meanwhile, Oxen is $0.0200000 (-2359.28%) above its 52-week low price of $0.450000000 and -$1.88000000 (-405.33%) below its 52-week high of $2.350000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 41. Trends for the long-term trading history of Oxen suggest that traders are currently bearish on the coin. Oxen has a total market value of $26,771,771.98 with an average average daily volume of $877,693.40 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, OXEN's volume is below its average with $121,397.42 exchanged in total. This coin's subclass Decentralized Finance: DeFi, or decentralized finance, Coins are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Trading patterns over the last year for Oxen leads to the coin's an average long-term technical score of 41 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on Oxen (OXEN).