Is Dentacoin (DCN) Heading the Wrong Direction Saturday?

Saturday, June 03, 2023 08:56 AM | InvestorsObserver Analysts

Dentacoin receives a weak short-term technical ranking of 29 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. DCN has a superior recent technical analysis than 29% 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.

InvestorsObserver is giving Dentacoin a 29 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dentacoin!

Trading Analysis

Dentacoin is $0.000000 (24.08%) above its 30-day low of $0.000001445 while -$0.000002 (-56.61%) below its 30-day high of $0.00000413. In addition, DCN's current price of $0.000001793 is under its 30-day moving average price of $0.000002349, leading to a weak short-term technical score. Overall the recent trading history of Dentacoin suggest that investors are bearish on the token at the moment.
DCN has a relatively low market cap for a token with a total market value of $1,054,205.43. Dentacoin'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. Dentacoin's average volume meanwhile is low with $759.13 worth of the token traded over a typical 24 hour period. DCN'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, DCN's volume is below its average with $118.56 exchanged.

Summary

Dentacoin's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Dentacoin (DCN).

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