Should You Buy MXC (MXC) Tuesday?

Tuesday, May 02, 2023 07:16 PM | InvestorsObserver Analysts

MXC receives an average short-term technical score of 38 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. MXC holds a better recent technical analysis than 38% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving MXC a 38 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on MXC!

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Trading Analysis

MXC is currently $0.001258 (7.31%) above its 30-day low of $0.017204989 and -$0.008273 (-30.94%) below its 30-day high of $0.02673575. Additionally, MXC is under its average price of $0.019143901 over the past month of trading with its current price of $0.018462976. Overall, the recent trading history of MXC suggest that traders are currently neutral on the token. MXC has a average market cap compared to the majority of tokens with a total market value of $48,781,626.64. The market valuation for MXC is relatively average due to the largest 100 cryptos having a market cap above $1 billion and MXC sits underneath that mark but remains above $100 million in market capilization. MXC's average volume is average as $74,387,581.65 worth of the token is typically traded over a 24 hour period. The volume for MXC is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours MXC's volume is below its average with $8,685,256.00 exchanged.

Summary

MXC's price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the token's short-term movement. Click Here to get the full Report on MXC (MXC).