APENFT (NFT): Does it Score Poorly on Short-Term Trading Metrics Wednesday?

APENFT receives a weak short-term technical ranking of 19 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. NFT has a superior recent technical analysis than 19% 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

APENFT is $0.000000 (13.92%) higher than its 30-day low price of $0.000002612 while also -$0.000003 (-50.48%) lower than its high of $0.00000601 from the past month of trading. Meanwhile, NFT's current price of $0.000002975 is under than its average price of $0.000004376 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of APENFT suggest that traders are currently bearish on the token. NFT has a relatively average market cap for a token with a total market value of $824,323,973.27. The market valuation for APENFT is relatively average due to the largest 100 cryptos having a market cap above $1 billion and NFT sits underneath that mark but remains above $100 million in market capilization. APENFT's average volume meanwhile is average with $3,881,705,639.24 worth of the token traded over a typical 24 hour period. The volume for NFT 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, NFT's volume is below its average with $558,569,400.73 exchanged. APENFT's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.


APENFT'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.