Delphy (DPY): Does it Score Poorly on Short-Term Trading Metrics Monday?

Monday, January 17, 2022 08:48 AM | InvestorsObserver Analysts

Delphy receives a weak short-term technical ranking of 6 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. DPY has a superior recent technical analysis than 6% 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 Delphy a 6 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Delphy!

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Trading Analysis

Delphy is $0.001234 (15.04%) above its 30-day low of $0.008209291 while -$0.007428 (-44.03%) below its 30-day high of $0.01687155. In addition, DPY's current price of $0.009443627 is under its 30-day moving average price of $0.009674761, leading to a weak short-term technical score. Overall the recent trading history of Delphy suggest that investors are bearish on the token at the moment. DPY has a relatively low market cap for a token with a total market value of $587,392.18. Delphy'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. Delphy's average volume meanwhile is low with $2,461,181.71 worth of the token traded over a typical 24 hour period. DPY'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, DPY's volume is below its average with $268,701.26 exchanged. Delphy'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

Delphy's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on Delphy (DPY).