DeFi Land (DFL) What Does the Chart Say Saturday?

Saturday, December 02, 2023 02:46 PM | InvestorsObserver Analysts

InvestorsObserver gives DeFi Land a strong short-term technical score of 93 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. DFL has currently traded better than 93% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving DeFi Land a 93 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DeFi Land!
See Full Report

Trading Analysis

DeFi Land is $0.001829 (528.46%) higher than its 30-day low price of $0.000346095 while also -$0.000900 (-29.27%) lower than its high of $0.00307516 from the past month of trading. Meanwhile, DFL's current price of $0.002175075 is above its average price of $0.001211786 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of DeFi Land suggest that traders are currently bullish on the token.
DFL has a relatively average market cap for a token with a total market value of $15,524,167.74. The market valuation for DeFi Land is relatively average due to the largest 100 cryptos having a market cap above $1 billion and DFL sits underneath that mark but remains above $100 million in market capilization. DeFi Land's average volume meanwhile is average with $1,202,322.00 worth of the token traded over a typical 24 hour period. The volume for DFL is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, DFL's volume is below its average with $184,504.96 exchanged. DeFi Land's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

DeFi Land's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on DeFi Land (DFL).

Share this article:

Related Articles