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Axis DeFi receives a strong short-term technical ranking of 84 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patterns over the past month to determine the strength of its short-term technicals. AXIS has a superior recent technical analysis than 84% 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.
Trading Analysis
Axis DeFi is $0.024385 (127.34%) above its 30-day low of $0.019148724 and -$0.064529 (-59.71%) below its 30-day high of $0.10806271. In addition, AXIS’s current price of $0.043533519 is above its 30-day moving average price of $0.031152339, leading to a strong short-term technical score. Overall, the recent trading history of Axis DeFi suggests that investors are bullish on the token at the moment.
AXIS has a low market cap compared to the majority of tokens, with a total market value of $90,741.31. Axis DeFi’s relatively low market value comes from the fact that 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. Axis DeFi’s average volume is low, as only $161,920.22 worth of the token is typically traded over a 24-hour period. AXIS’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, AXIS’s volume is below its average with $23,948.29 exchanged.
Summary
Axis DeFi’s trading over the past 30 days leads to its strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future.
