What do the Short-Term Technicals Predict for Dentacoin (DCN) Saturday?

Saturday, May 27, 2023 01:56 PM | 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 (0.01%) higher than its 30-day low price of $0.000001495 while also -$0.000003 (-63.81%) lower than its high of $0.00000413 from the past month of trading. Meanwhile, DCN's current price of $0.000001495 is under its average price of $0.000002418 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Dentacoin suggest that traders are currently bearish on the token.
DCN has a relatively low market cap for a token with a total market value of $879,260.32. 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 $38.44 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 $6.08 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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