Should You Buy Inverse Finance (INV) Sunday?

Sunday, May 22, 2022 01:47 PM | InvestorsObserver Analysts

Inverse Finance receives an average long-term technical score of 43 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. INV currently holds a superior long-term technical analysis score than 43% 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 Inverse Finance a 43 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Inverse Finance!

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Trading Analysis

INV is currently -$178.3000000 (-62.54%) below its 100-day moving average price of $285.100000000 with its current price of $106.800000000. Meanwhile, Inverse Finance is $33.6900000 (131.04%) above its 52-week low price of $73.110000000 and -$1,600.71000000 (5.67%) below its 52-week high of $1,707.520000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 43. Trends for the long-term trading history of Inverse Finance suggest that traders are currently bearish on the token. Inverse Finance currently has a total market cap of $10,010,247.14 to go along with its average daily volume of $6,142,122.51 worth of the currency over the past seven days. INV's volume is below its seven day average as of the past 24 hours, with 1,472,801.21 exchanged in that period. This token's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that 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 Inverse Finance leads to the token's an average long-term technical score of 43 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on Inverse Finance (INV).