How Does the Chart Look Sunday?
InvestorsObserver gives DeFi Degen Land an average long-term technical score of 50 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
DDL at this time has a superior long-term technical analysis score than 50% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
Trading Analysis
DeFi Degen Land’s price is $0.0000000 (-10.76%) below its 100-day moving average price of $0.000000147 as its price at the moment sits at $0.000000131. Additionally, DDL is $0.0000001 (-15715008433.41%) higher than its 52-week low price of $0.000000070 while -$0.00004668 (-21361687.68%) under its 52-week high of $0.000046813. The current trading price in relation to its long-term average along with its 52-week high and low, gives DDL an average long-term technical score of 50. Long-term trading movement of DeFi Degen Land suggest that investors are bearish on the token at the moment.
Currently, volume and market capitalization data is not available for DDL. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find tokens such as DeFi Degen Land extra intriguing.
Summary
Technical analysis of DeFi Degen Land over the past year results in the crypto receiving a an average long-term technical score of 50 as its price movement in that time has given traders reason to be bearish on the token in the long-term.
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