Safex Token receives an average long-term technical score of 39 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
SFT currently holds a superior long-term technical analysis score than 39% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
SFT is currently -$0.0006787 (-14.42%) below its 100-day moving average price of $0.004707874 with its current price of $0.004029156. Meanwhile, Safex Token is $0.0029297 (-1000173.34%) above its 52-week low price of $0.001099407 and -$0.25595611 (-3844.82%) below its 52-week high of $0.259985268. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 39. Trends for the long-term trading history of Safex Token suggest that traders are currently bearish on the coin.
Safex Token has a market capitalization of 7,598,882.66 and a relatively low average daily volume with 5,344.64 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, SFT’s volume is below its seven day average with 3,601.75 exchanged.
Summary
Technical analysis of Safex Token over the past year results in the crypto receiving a an average long-term technical score of 39 as its price movement in that time has given traders reason to be bearish on the coin in the long-term.
