XMax (XMX): Does it Score Well on Short-Term Trading Metrics Saturday?

Saturday, December 11, 2021 01:59 PM | InvestorsObserver Analysts

InvestorsObserver gives XMax a weak short-term technical score of 9 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. XMX has currently traded better than 9% 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 XMax a 9 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on XMax!

See Full Report

Trading Analysis

XMX is currently $0.000003 (4.19%) above its 30-day low of $0.000075123 and -$0.000394 (-83.41%) below its 30-day high of $0.00047186. Additionally, XMX is under its average price of $0.000255218 over the past month of trading with its current price of $0.000078273. Overall, the recent trading history of XMax suggest that traders are currently bearish on the token. XMX has a low market cap compared to the majority of tokens with a total market value of $1,467,384.48. XMax'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. XMax's average volume is low as $5,205,008.56 worth of the token is typically traded over a 24 hour period. XMX'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 XMX's volume is below its average with $465,062.15 exchanged. XMax's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

XMax's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on XMax (XMX).