What do the Short-Term Technicals Predict for DeFi Degen Land (DDL) Tuesday? – InvestorsObserver

What do the Short-Term Technicals Predict for DeFi Degen Land (DDL) Tuesday? – InvestorsObserver

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Tuesday, June 14, 2022 07:07 PM | InvestorsObserver Analysts

What do the Short-Term Technicals Predict for DeFi Degen Land (DDL) Tuesday?

InvestorsObserver gives DeFi Degen Land a strong short-term technical score of 71 from its analysis. The proprietary scoring system considers the token’s trading history over the past month to determine the strength of its short-term technicals. DDL has currently traded better than 71% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short-Term Technical - 71

InvestorsObserver is giving DeFi Degen Land a 71 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DeFi Degen Land!

Trading Analysis

DeFi Degen Land is $0.000000 (63.57%) higher than its 30-day low price of $0.000000433 while also $0.000000 (-14.33%) lower than its high of $0.00000083 from the past month of trading. Meanwhile, DDL’s current price of $0.000000709 is above its average price of $0.000000559 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of DeFi Degen Land suggest that traders are currently bullish on the token. DDL has a relatively low market cap for a token with a total market value of $106,362.26. 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 meanwhile is low with $69,000.01 worth of the token traded over a typical 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. As of the past 24 hours, DDL’s volume is below its average with $9,454.68 exchanged.

Summary

DDL’s recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on DeFi Degen Land (DDL).

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