Should You Sell WAX (WAXP) Thursday?

Thursday, February 24, 2022 12:47 PM | InvestorsObserver Analysts

WAX receives an average long-term technical score of 54 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin'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. WAXP currently holds a superior long-term technical analysis score than 54% 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. coins 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 WAX a 54 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on WAX!

See Full Report

Trading Analysis

The current trading price of $0.260000000 for WAXP is -$0.2200000 (-45.66%) below the coins 100-day moving average of $0.470000000. WAXP meanwhile is $0.1900000 (-15913.34%) above its 52-week low of $0.070000000 and -$0.72000000 (-992.78%) under its 52-week high price of $0.980000000. WAX's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 54. The price movement and range of WAXP suggest that investors are neutral on the coin at this time. WAX has a total market value of $503,004,098.30 with an average average daily volume of $336,748,927.45 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, WAXP's volume is below its average with $47,929,107.87 exchanged in total.

Summary

WAXP's historical trading over the past year gives it a an average long-term technical score of 54 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on WAX (WAXP).