How Does it Rank Monday on Long-Term Trading Metrics?
DeFi Bids receives a weak long-term technical score of 2 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
BID currently holds a superior long-term technical analysis score than 2% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
BID is currently -$0.0038998 (-49.55%) below its 100-day moving average price of $0.007870157 with its current price of $0.003970345. Meanwhile, DeFi Bids is $0.0031393 (-1323199.06%) above its 52-week low price of $0.000831019 and -$0.01882656 (-43848.20%) below its 52-week high of $0.022796901. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 2. Trends for the long-term trading history of DeFi Bids suggest that traders are currently bearish on the token.
DeFi Bids currently has a total market cap of $91,176.06 to go along with its average daily volume of $8,060.73 worth of the currency over the past seven days. BID’s volume is below its seven day average as of the past 24 hours, with 1,101.77 exchanged in that period.
This token’s subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.
Summary
Technical analysis of DeFi Bids over the past year results in the crypto receiving a a weak long-term technical score of 2 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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