DeFi Land (DFL) What Does the Chart Say Saturday?

Saturday, February 26, 2022 02:52 PM | InvestorsObserver Analysts

InvestorsObserver gives DeFi Land a weak short-term technical score of 1 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. DFL has currently traded better than 1% of tokens 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 DeFi Land a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DeFi Land!

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Trading Analysis

DFL is currently $0.000000 (0.00%) above its 30-day low of $0.033063545 and -$0.050414 (-60.39%) below its 30-day high of $0.08347768. Additionally, DFL is under its average price of $0.067004360 over the past month of trading with its current price of $0.033063545. Overall, the recent trading history of DeFi Land suggest that traders are currently bearish on the token. DeFi Land's market cap of $19,386,313.88 is relatively average for a token. The market valuation for DeFi Land is relatively average due to the largest 100 cryptos having a market cap above $1 billion and DFL sits underneath that mark but remains above $100 million in market capilization. Meanwhile, DFL's average volume is average with $34,577,729.25 worth of the token traded over an average 24 hour period. The volume for DFL is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, DFL's volume is below its usual with $4,624,994.41 exchanged. DeFi Land's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

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