What do the Short-Term Technicals Predict for Waterfall DeFi (WTF) Friday?
Waterfall DeFi receives a weak short-term technical ranking of 15 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. WTF has a superior recent technical analysis than 15% 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
WTF is currently $0.000000 (0.10%) above its 30-day low of $0.000407915 and -$0.000575 (-58.46%) below its 30-day high of $0.00098285. Additionally, WTF is under its average price of $0.000718873 over the past month of trading with its current price of $0.000408319. Overall, the recent trading history of Waterfall DeFi suggest that traders are currently bearish on the token.
WTF has a relatively low market cap for a token with a total market value of $1,607.70. Waterfall DeFi’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. Waterfall DeFi’s average volume meanwhile is low with $1.97 worth of the token traded over a typical 24 hour period. WTF’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, WTF’s volume is below its average with $0.26 exchanged.
Summary
Waterfall DeFi’s trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future.