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What do the Short-Term Technicals Predict for USDX [Lighthouse] (USDX) Wednesday?

Wednesday, January 19, 2022 10:07 AM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for USDX [Lighthouse] (USDX) Wednesday?

InvestorsObserver gives USDX [Lighthouse] a weak short-term technical score of 1 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. USDX has currently traded better than 1% of coins 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 - 1
InvestorsObserver is giving USDX [Lighthouse] a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on USDX [Lighthouse]!

Trading Analysis

USDX [Lighthouse] is $0.000000 (0.00%) higher than its 30-day low price of $0.019993833 while also -$5.030860 (-99.60%) lower than its high of $5.05085373 from the past month of trading. Meanwhile, USDX's current price of $0.019993833 is under its average price of $2.083795726 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of USDX [Lighthouse] suggest that traders are currently bearish on the coin. USDX has a relatively low market cap for a coin with a total market value of $75,429.95. USDX [Lighthouse]'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. USDX [Lighthouse]'s average volume meanwhile is low with $615.15 worth of the coin traded over a typical 24 hour period. USDX'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, USDX's volume is below its average with $86.52 exchanged.

Summary

USDX's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term. Click Here to get the full Report on USDX [Lighthouse] (USDX).

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