What do the Short-Term Technicals Predict for TriumphX (TRIX) Sunday?

Sunday, May 28, 2023 01:58 PM | InvestorsObserver Analysts

TriumphX receives a strong short-term technical score of 74 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. TRIX holds a better recent technical analysis than 74% of tokens 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 TriumphX a 74 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on TriumphX!

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Trading Analysis

TriumphX is $0.000138 (93.72%) higher than its 30-day low price of $0.000147048 while also -$0.000136 (-32.26%) lower than its high of $0.00042052 from the past month of trading. Meanwhile, TRIX's current price of $0.000284864 is above its average price of $0.000220051 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of TriumphX suggest that traders are currently bullish on the token. TRIX has a low market cap compared to the majority of tokens with a total market value of $1,459,128.45. TriumphX'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. TriumphX's average volume is low as $114,010.93 worth of the token is typically traded over a 24 hour period. TRIX'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 TRIX's volume is below its average with $17,516.92 exchanged. TriumphX's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

TRIX'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 token in the short-term. Click Here to get the full Report on TriumphX (TRIX).