What do the Long-Term Technicals Predict for Polymesh (POLYX) Thursday?

Thursday, March 28, 2024 07:55 AM | InvestorsObserver Analysts

Polymesh receives a strong long-term technical score of 94 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, POLYX holds a superior long-term technical analysis score than 94% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Polymesh a 94 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Polymesh!

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Trading Analysis

POLYX is currently $0.3900000 (180.36%) above its 100-day moving average price of $0.220000000 with its current price of $0.610000000. Meanwhile, Polymesh is $0.5100000 (-10480.51%) above its 52-week low price of $0.100000000 and -$0.09000000 (-1349.11%) below its 52-week high of $0.700000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 94. Trends for the long-term trading history of Polymesh suggest that traders are currently neutral on the token. Polymesh currently has a total market cap of $507,162,069.27 to go along with its average daily volume of $3,219,583,109.32 worth of the currency over the past seven days. POLYX's volume is below its seven day average as of the past 24 hours, with 467,381,703.72 exchanged in that period.

Summary

POLYX's historical trading over the past year gives it a a strong long-term technical score of 94 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on Polymesh (POLYX).