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Should You Buy XYO (XYO) Monday?

Monday, May 09, 2022 10:02 AM | InvestorsObserver Analysts
Should You Buy XYO (XYO) Monday?

XYO receives a weak short-term technical score of 12 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. XYO holds a better recent technical analysis than 12% 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.

Short-Term Technical - 12
InvestorsObserver is giving XYO a 12 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on XYO!

Trading Analysis

XYO is currently $0.000000 (0.00%) above its 30-day low of $0.012072779 and -$0.007810 (-39.28%) below its 30-day high of $0.01988263. Additionally, XYO is under its average price of $0.016574709 over the past month of trading with its current price of $0.012072779. Overall, the recent trading history of XYO suggest that traders are currently bearish on the token.
XYO has a relatively average market cap for a token with a total market value of $155,072,691.31. The market valuation for XYO is relatively average due to the largest 100 cryptos having a market cap above $1 billion and XYO sits underneath that mark but remains above $100 million in market capilization. XYO's average volume meanwhile is average with $27,843,246.75 worth of the token traded over a typical 24 hour period. The volume for XYO 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. As of the past 24 hours, XYO's volume is below its average with $5,381,187.95 exchanged. XYO's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

XYO's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on XYO (XYO).

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