DeFi Degen Land (DDL): Does it Score Poorly on Short-Term Trading Metrics Tuesday?

Tuesday, June 21, 2022 02:59 PM | InvestorsObserver Analysts

DeFi Degen Land receives a strong short-term technical ranking of 92 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. DDL has a superior recent technical analysis than 92% 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 DeFi Degen Land a 92 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DeFi Degen Land!

See Full Report

Trading Analysis

DeFi Degen Land is $0.000000 (48.66%) above its 30-day low of $0.000000417 while $0.000000 (-25.12%) below its 30-day high of $0.00000083. In addition, DDL's current price of $0.000000620 is above its 30-day moving average price of $0.000000547, leading to a strong short-term technical score. Overall the recent trading history of DeFi Degen Land suggest that investors are bullish on the token at the moment. DDL has a low market cap compared to the majority of tokens with a total market value of $92,970.27. DeFi Degen Land'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. DeFi Degen Land's average volume is low as $54,583.59 worth of the token is typically traded over a 24 hour period. DDL'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 DDL's volume is below its average with $7,799.93 exchanged.

Summary

DDL's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on DeFi Degen Land (DDL).