Sell pressure is dominant for Infinex — 100% of hourly trades are sells. Infinex is trading at $0.0099, down 5.61% over 24 hours with $13.33K in volume. The decline coincided with short-term selling pressure.

Infinex Price Action Analysis

INX (Infinex) is currently trading at $0.0099, having retreated 5.61% over the last 24 hours amid broader market fluctuations. 24-hour trading volume stands at $13.33K. The price is contained within the Bollinger Bands (Upper: $0.010, Lower: $0.0097), trading near the lower half around the middle band ($0.0100).

Infinex Trading Activity & Liquidity

In the most recent hour, Infinex recorded 5 trades totalling $28.56 in volume. Buyers accounted for 0% ($0.00) and sellers 100% ($28.56). 2 unique wallets participated. Sell pressure is notably elevated, suggesting distribution. Available liquidity for Infinex is $46.06K.

Infinex Technical Analysis Summary

On the 1-hour timeframe, technical analysis generates a 'Sell' signal with Medium confidence. Other oscillators like Stochastic %K (30.4) is neutral, CCI (-52.2) is neutral, Williams %R (-61.0) is neutral provide further context on short-term price momentum. The Relative Strength Index (RSI) is currently 37.1, residing in neutral territory. The Average Directional Index (ADX) of 39.2 suggests a strong prevailing trend. The MACD indicator shows bullish momentum, with the MACD line (-0.00013) above the signal line (-0.00014) and a positive histogram (0.0000097).

Infinex Price Prediction & Market Sentiment

The current outlook suggests that the short-term sentiment for Infinex appears cautiously pessimistic. Infinex appears to be testing key support levels. Support near $0.0097 (lower Bollinger Band) could provide a floor. Current liquidity is $46.06K. The price is currently below the 20-period EMA ($0.010), which reinforces the bearish outlook.