Should You Buy DeFi Kingdoms (JEWEL) Thursday?

Thursday, March 07, 2024 09:18 AM | InvestorsObserver Analysts

InvestorsObserver gives DeFi Kingdoms a strong long-term technical score of 72 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. JEWEL at this time has a superior long-term technical analysis score than 72% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving DeFi Kingdoms a 72 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DeFi Kingdoms!

Trading Analysis

The current trading price of $0.320000000 for JEWEL is $0.0400000 (15.65%) above the tokens 100-day moving average of $0.270000000. JEWEL meanwhile is $0.2400000 (-14587.36%) above its 52-week low of $0.070000000 and -$0.52000000 (-1160.14%) under its 52-week high price of $0.830000000. DeFi Kingdoms's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 72. The price movement and range of JEWEL suggest that investors are neutral on the token at this time. DeFi Kingdoms has a market capitalization of $35,694,678.46 and a relatively average average daily volume with $2,137,345.61 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, JEWEL's volume is below its seven day average with 285,777.84 exchanged.

Summary

Trading patterns over the last year for DeFi Kingdoms leads to the token's a strong long-term technical score of 72 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on DeFi Kingdoms (JEWEL).

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