What do the Short-Term Technicals Predict for Maxcoin (MAX) Thursday?

Thursday, February 03, 2022 10:11 AM | InvestorsObserver Analysts

Maxcoin receives a weak short-term technical score of 24 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. MAX holds a better recent technical analysis than 24% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Maxcoin a 24 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Maxcoin!

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Trading Analysis

Maxcoin is $0.000213 (3.77%) above its 30-day low of $0.005641290 while -$0.005508 (-48.48%) below its 30-day high of $0.01136245. In addition, MAX's current price of $0.005854241 is under its 30-day moving average price of $0.008167028, leading to a weak short-term technical score. Overall the recent trading history of Maxcoin suggest that investors are bearish on the coin at the moment. MAX has a low market cap compared to the majority of coins with a total market value of $359,718.55. Maxcoin'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. Maxcoin's average volume is low as $294.30 worth of the coin is typically traded over a 24 hour period. MAX'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 MAX's volume is below its average with $38.46 exchanged.

Summary

Maxcoin'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 coin's short-term movement. Click Here to get the full Report on Maxcoin (MAX).