Is WAX The Next Big Cryptocurrency To HODL? | Is It A Good And Safe Investment Worth Buying For The Future?

1 min read

Crypto Investors who are serious about long-term investment are looking for the next big cryptocurrency with great potential to invest in. This article examines WAXP and how it stacks against some other crypto coins when it comes to picking a good and safe crypto investment option.

InvestorsObserver gives WAX an average long-term technical score of 56 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.

WAXP at this time has a superior long-term technical analysis score than 56% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

Long-Term Technical - 56

Trading Analysis

WAXP is currently -$0.1000000 (-19.99%) below its 100-day moving average price of $0.490000000 with its current price of $0.390000000. Meanwhile, WAX is $0.3600000 (-31186.15%) above its 52-week low price of $0.030000000 and -$0.59000000 (-979.26%) below its 52-week high of $0.980000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 56. Trends for the long-term trading history of WAX suggest that traders are currently neutral on the coin.

WAX has a total market value of $741,359,909.81 with an average average daily volume of $299,079,466.73 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, WAXP’s volume is below its average with $46,716,787.66 exchanged in total.

Summary

WAXP’s historical trading over the past year gives it a an average long-term technical score of 56 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.

Click Here to get the full Report on WAX (WAXP).

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