DeepOnion (ONION) has a Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Saturday: What's Next?

Saturday, March 25, 2023 02:50 PM | InvestorsObserver Analysts

DeepOnion (ONION) gets a bullish rating from InvestorsObserver Saturday. The coin is up 99.81% to $0.04796943827 while the broader crypto market is down 0.13%.

DeepOnion has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DeepOnion!

Bullish

Over the last five days, DeepOnion has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of DeepOnion over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

DeepOnion is currently trading near its five-day high of $0.0523043565984675. The coin is 8.29% off its five-day high and is 104.45% higher than its five-day low of $0.0234630014747381.

DeepOnion price is currently above resistance. With support set around $0.0186449085183417 and resistance at $0.0341873542226827, DeepOnion is potentially in a volatile position if the rally burns out.

DeepOnion has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on DeepOnion

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