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What do the Short-Term Technicals Predict for Add.xyz (ADD) Friday?

Friday, June 09, 2023 07:25 PM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for Add.xyz (ADD) Friday?

InvestorsObserver gives Add.xyz a strong short-term technical score of 100 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. ADD has currently traded better than 100% 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.

Short-Term Technical - 100
InvestorsObserver is giving Add.xyz a 100 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Add.xyz!

Trading Analysis

Add.xyz is $0.011930 (236.21%) above its 30-day low of $0.005050776 while -$0.000097 (-0.57%) below its 30-day high of $0.01707791. In addition, ADD's current price of $0.016981249 is above its 30-day moving average price of $0.008521308, leading to a strong short-term technical score. Overall the recent trading history of Add.xyz suggest that investors are bullish on the token at the moment.
ADD has a low market cap compared to the majority of tokens with a total market value of $140,877.65. Add.xyz'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. Add.xyz's average volume is low as $337.84 worth of the token is typically traded over a 24 hour period. ADD'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 ADD's volume is below its average with $48.41 exchanged. Add.xyz's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Add.xyz's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Add.xyz (ADD).

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