UniMex Network (UMX) What Does the Chart Say Wednesday?

Wednesday, November 16, 2022 09:55 AM | InvestorsObserver Analysts

InvestorsObserver gives UniMex Network a strong short-term technical score of 84 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. UMX has currently traded better than 84% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving UniMex Network a 84 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on UniMex Network!

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Trading Analysis

UMX is currently $0.003526 (11.85%) above its 30-day low of $0.029767683 and -$0.344585 (-91.19%) below its 30-day high of $0.37787861. Additionally, UMX is under its average price of $0.039713654 over the past month of trading with its current price of $0.033294101. Overall, the recent trading history of UniMex Network suggest that traders are currently bullish on the token. UMX has a low market cap compared to the majority of tokens with a total market value of $320,168.40. UniMex Network'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. UniMex Network's average volume is low as $1,092.31 worth of the token is typically traded over a 24 hour period. UMX'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 UMX's volume is below its average with $157.81 exchanged.

Summary

UMX's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on UniMex Network (UMX).