Is Donu (DONU) Trending Lower or Higher Saturday?

Saturday, April 29, 2023 01:28 PM | InvestorsObserver Analysts

Donu receives a weak short-term technical ranking of 0 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. DONU has a superior recent technical analysis than 0% of coins 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 Donu a 0 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Donu!
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Trading Analysis

Donu is $0.000294 (100.88%) above its 30-day low of $0.000291697 while -$0.014978 (-96.24%) below its 30-day high of $0.01556371. In addition, DONU's current price of $0.000585970 is under its 30-day moving average price of $0.009602359, leading to a weak short-term technical score. Overall the recent trading history of Donu suggest that investors are bearish on the coin at the moment.
DONU has a low market cap compared to the majority of coins with a total market value of $2,971.39. Donu'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. Donu's average volume is low as $2,031.15 worth of the coin is typically traded over a 24 hour period. DONU'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. Over the past 24 hours DONU's volume is below its average with $297.92 exchanged.

Summary

Donu'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 coin's short-term movement. Click Here to get the full Report on Donu (DONU).

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