Reflexer Ungovernance Token receives a strong short-term technical score of 84 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. FLX holds a better recent technical analysis than 84% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.
Trading Analysis
Reflexer Ungovernance Token is $152.20 (56.24%) above its 30-day low of $270.620000000 while -$2,271.57 (-84.31%) below its 30-day high of $2,694.40000000. In addition, FLX’s current price of $422.83 is above its 30-day moving average price of $363.100000000, leading to a strong short-term technical score. Overall the recent trading history of Reflexer Ungovernance Token suggest that investors are bullish on the token at the moment.
FLX has a relatively average market cap for a token with a total market value of $65,151,469.04. The market valuation for Reflexer Ungovernance Token is relatively average due to the largest 100 cryptos having a market cap above $1 billion and FLX sits underneath that mark but remains above $100 million in market capilization. Reflexer Ungovernance Token’s average volume meanwhile is average with $20,002,527.47 worth of the token traded over a typical 24 hour period. The volume for FLX is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, FLX’s volume is below its average with $2,807,079.25 exchanged.
Reflexer Ungovernance Token’s subclass Derivatives: Derivatives are contracts or financial tools that derive value from an underlying asset. Derivatives can be used to hedge against volatility and price swings or can be a tool for investors to speculate on the future price of the underlying asset. The most popular derivatives in the crypto market are futures, options, and perpetual contracts.
Summary
Reflexer Ungovernance Token’s trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future.
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