AFEN Blockchain Network receives a weak short-term technical ranking of 4 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. AFEN has a superior recent technical analysis than 4% 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
AFEN Blockchain Network is $0.000000 (0.00%) higher than its 30-day low price of $0.000211139 while also -$0.000136 (-39.25%) lower than its high of $0.00034755 from the past month of trading. Meanwhile, AFEN’s current price of $0.000211139 is under its average price of $0.000288265 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of AFEN Blockchain Network suggest that traders are currently bearish on the token.
AFEN has a low market cap compared to the majority of tokens with a total market value of $31,009.01. AFEN Blockchain Network’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. AFEN Blockchain Network’s average volume is low as $20,610.22 worth of the token is typically traded over a 24 hour period. AFEN’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 AFEN’s volume is below its average with $2,840.67 exchanged.
Summary
AFEN Blockchain Network’s price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token’s short-term movement.
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