DerivaDAO (DDX) Rises 0.58% Wednesday: What's Next for This Very Bullish Rated Crypto?

Wednesday, July 05, 2023 06:05 AM | InvestorsObserver Analysts

DerivaDAO (DDX) gets a very bullish rating from InvestorsObserver Wednesday. The token is up 0.58% to $0.2950992177 while the broader crypto market is down 1.21%.

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

Very Bullish

Over the last five days, DerivaDAO has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of DerivaDAO 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

DerivaDAO is currently trading near its five-day high of $0.295303761959076. The token is 0.07% off its five-day high and is 4.01% higher than its five-day low of $0.283717900514603.

DerivaDAO price is trading near resistance. With support set around $0.289429647027213 and resistance at $0.29554722934838, could face selling pressures soon.

DerivaDAO 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 token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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 DerivaDAO

Share this article: