What do the Short-Term Technicals Predict for Arbidex (ABX) Saturday?

Saturday, December 04, 2021 10:00 AM | InvestorsObserver Analysts

InvestorsObserver gives Arbidex a weak short-term technical score of 12 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. ABX has currently traded better than 12% 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 Arbidex a 12 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Arbidex!

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Trading Analysis

ABX is currently $0.00 (53.65%) above its 30-day low of $0.01 and -$0.13 (-94.24%) below its 30-day high of $0.14. Additionally, ABX is under its average price of $0.01 over the past month of trading with its current price of $0.01. Overall, the recent trading history of Arbidex suggest that traders are currently bearish on the token. ABX has a relatively low market cap for a token with a total market value of $191,582.25. Arbidex'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. Arbidex's average volume meanwhile is low with $461,001.62 worth of the token traded over a typical 24 hour period. ABX'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. As of the past 24 hours, ABX's volume is below its average with $48,741.86 exchanged.

Summary

Arbidex's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Arbidex (ABX).