yAxis (YAXIS): How Does the Chart Look Saturday?

Saturday, July 09, 2022 07:27 AM | InvestorsObserver Analysts

yAxis receives a weak short-term technical ranking of 9 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. YAXIS has a superior recent technical analysis than 9% 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 yAxis a 9 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on yAxis!

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Trading Analysis

YAXIS is currently $0.001422 (8.86%) above its 30-day low of $0.016051454 and -$0.950740 (-98.20%) below its 30-day high of $0.96821266. Additionally, YAXIS is under its average price of $0.030205867 over the past month of trading with its current price of $0.017473150. Overall, the recent trading history of yAxis suggest that traders are currently bearish on the token. YAXIS has a low market cap compared to the majority of tokens with a total market value of $16,283.17. yAxis'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. yAxis's average volume is low as $5,409.67 worth of the token is typically traded over a 24 hour period. YAXIS'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 YAXIS's volume is below its average with $835.09 exchanged. yAxis's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

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