XMax (XMX): How Does the Chart Look Sunday?

Sunday, May 29, 2022 02:49 PM | InvestorsObserver Analysts

XMax receives a strong short-term technical ranking of 82 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. XMX has a superior recent technical analysis than 82% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving XMax a 82 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on XMax!

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Trading Analysis

XMax is $0.000011 (84.24%) above its 30-day low of $0.000013523 while -$0.000026 (-50.81%) below its 30-day high of $0.00005065. In addition, XMX's current price of $0.000024914 is under its 30-day moving average price of $0.000029982, leading to a strong short-term technical score. Overall the recent trading history of XMax suggest that investors are bullish on the token at the moment. XMX has a low market cap compared to the majority of tokens with a total market value of $506,218.18. 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 $3,874,976.13 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 $531,221.40 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 strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on XMax (XMX).