DeFi Degen Land (DDL): How Does the Chart Look Thursday? – InvestorsObserver

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Thursday, August 04, 2022 06:52 AM | InvestorsObserver Analysts

DeFi Degen Land receives a weak short-term technical ranking of 26 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. DDL has a superior recent technical analysis than 26% 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

DeFi Degen Land is $0.000000 (89.13%) higher than its 30-day low price of $0.000000080 while also $0.000000 (-75.38%) lower than its high of $0.00000061 from the past month of trading. Meanwhile, DDL’s current price of $0.000000151 is under its average price of $0.000000220 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of DeFi Degen Land suggest that traders are currently bearish on the token. DDL has a low market cap compared to the majority of tokens with a total market value of $22,698.35. DeFi Degen Land’s relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. DeFi Degen Land’s average volume is low as $3,768.78 worth of the token is typically traded over a 24 hour period. DDL’s volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours DDL’s volume is below its average with $587.68 exchanged.

Summary

DeFi Degen Land’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. Click Here to get the full Report on DeFi Degen Land (DDL).

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