Is Growth DeFi (GRO) Trending Lower or Higher Friday?
Growth DeFi receives a weak long-term technical score of 1 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, GRO holds a superior long-term technical analysis score than 1% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
Trading Analysis
GRO is currently -$4.1400000 (-96.05%) below its 100-day moving average price of $4.320000000 with its current price of $0.170000000. Meanwhile, Growth DeFi is $0.1000000 (-15500.61%) above its 52-week low price of $0.070000000 and -$136.28000000 (-7.20%) below its 52-week high of $136.450000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 1. Trends for the long-term trading history of Growth DeFi suggest that traders are currently bearish on the token.
Growth DeFi has a total market value of $73,852.75 with an low average daily volume of $725,794.84 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, GRO’s volume is below its average with $30,688.03 exchanged in total.
This token’s subclass Governance: Governance tokens control changes to a crytpo ecosystem. Holders of governance tokens get a say in changes to the protocols that govern a particular blockchain or DeFi system.
Summary
GRO’s historical trading over the past year gives it a a weak long-term technical score of 1 as its price movement in that time has given investors reason to be bearish on the token in the long-term.
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