Should you buy Inverse Finance (INV) on Sunday?

Inverse Finance obtains a long-term average technical rating of 43 from InvestorsObserverresearch based on historical trading patterns. The proprietary scoring system assesses the price movement of the last few months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine if it is a strong buy and hold investment opportunity. INV currently holds a long-term technical analysis score above 43% of the cryptos in circulation. This ranking metric is particularly useful for buy-and-hold type investors looking for consistent strong growth when allocating their assets. tokens with a high technical score in the long and short term can help point to assets that have bottomed out, giving investors a chance to “buy the dip”.

InvestorsObserver gives Inverse Finance a long-term technical ranking of 43. Find out what this means for you and get the rest of the ranking on Inverse Finance!

Business analysis

INV is currently -$178.3000000 (-62.54%) below its 100-day moving average price of $285.100000000 with its current price of $106.800000000. Meanwhile, Inverse Finance is $33.6900000 (131.04%) above its 52-week low of $73.110000000 and -$1,600.71000000 (5.67%) below its 52-week high of $1,707.520000000. The current price against its moving average and 52-week highs and lows leads to a long-term average technical score of 43. Trends from Inverse Finance’s long-term trading history suggest that traders are currently bearish on the token. Inverse Finance currently has a total market cap of $10,010,247.14 to go along with its $6,142,122.51 average daily volume of the currency over the past seven days. INV volume is below its seven-day average over the past 24 hours, with 1,472,801.21 traded over the period. Decentralized Finance subclass of this token: DeFi, or decentralized finance, tokens are tokens created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs of brokers, exchanges and/or banks by offering traditional financial products or services without the need for central authority through the use of smart contracts.

Summary

Trading patterns over the past year for Inverse Finance gave the token a long-term average technical score of 43, as its consistency, volatility, and relationship to long-term averages gave investors reason to be bearish on the token. Click here for the full Reverse Finance (INV) report.

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