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Should You Buy Safex Token (SFT) Wednesday?

Wednesday, February 01, 2023 11:10 AM | InvestorsObserver Analysts
Should You Buy Safex Token (SFT) Wednesday?

Safex Token receives a strong short-term technical ranking of 80 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. SFT has a superior recent technical analysis than 80% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short-Term Technical - 80
InvestorsObserver is giving Safex Token a 80 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Safex Token!

Trading Analysis

Safex Token is $0.000672 (162.23%) above its 30-day low of $0.000413940 while $0.000000 (0.00%) below its 30-day high of $0.00108548. In addition, SFT's current price of $0.001085476 is above its 30-day moving average price of $0.000689759, leading to a strong short-term technical score. Overall the recent trading history of Safex Token suggest that investors are bullish on the coin at the moment.
SFT has a low market cap compared to the majority of coins with a total market value of $2,047,180.13. Safex Token'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. Safex Token's average volume is low as $0.83 worth of the coin is typically traded over a 24 hour period. SFT'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. Over the past 24 hours SFT's volume is below its average with $0.11 exchanged.

Summary

Safex Token's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin's short-term movement. Click Here to get the full Report on Safex Token (SFT).

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