Velas (VLX): Does it Score Poorly on Short-Term Trading Metrics Saturday?

Saturday, September 17, 2022 08:54 AM | InvestorsObserver Analysts

InvestorsObserver gives Velas a strong short-term technical score of 93 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. VLX has currently traded better than 93% of coins 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 Velas a 93 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Velas!

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Trading Analysis

VLX is currently $0.010760 (30.62%) above its 30-day low of $0.035136323 and -$0.001380 (-2.92%) below its 30-day high of $0.04727666. Additionally, VLX is above its average price of $0.041395648 over the past month of trading with its current price of $0.045896565. Overall, the recent trading history of Velas suggest that traders are currently bullish on the coin. VLX has a relatively average market cap for a coin with a total market value of $107,928,722.47. The market valuation for Velas is relatively average due to the largest 100 cryptos having a market cap above $1 billion and VLX sits underneath that mark but remains above $100 million in market capilization. Velas's average volume meanwhile is average with $12,190,316.02 worth of the coin traded over a typical 24 hour period. The volume for VLX 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, VLX's volume is below its average with $2,154,964.43 exchanged.

Summary

VLX'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 coin in the short-term. Click Here to get the full Report on Velas (VLX).