Friday, March 24, 2023 02:41 PM | InvestorsObserver Analysts
InvestorsObserver gives DeepOnion a weak short-term technical score of 22 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. ONION has currently traded better than 22% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.
InvestorsObserver is giving DeepOnion a 22 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DeepOnion!
DeepOnion is $0.000129 (0.54%) higher than its 30-day low price of $0.023830259 while also -$0.047824 (-66.62%) lower than its high of $0.07178308 from the past month of trading. Meanwhile, ONION's current price of $0.023959497 is under its average price of $0.034071077 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of DeepOnion suggest that traders are currently bearish on the coin.
ONION has a relatively low market cap for a coin with a total market value of $548,885.01. DeepOnion'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. DeepOnion's average volume meanwhile is low with $3,891.37 worth of the coin traded over a typical 24 hour period. ONION'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, ONION's volume is below its average with $365.02 exchanged.
DeepOnion's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.