Dentacoin (DCN): Does it Score Poorly on Short-Term Trading Metrics Saturday?

Saturday, September 24, 2022 08:44 AM | InvestorsObserver Analysts

InvestorsObserver gives Dentacoin a strong short-term technical score of 80 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. DCN has currently traded better than 80% 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 Dentacoin a 80 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dentacoin!

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Trading Analysis

DCN is currently $0.000001 (55.82%) above its 30-day low of $0.000001228 and -$0.000001 (-31.84%) below its 30-day high of $0.00000281. Additionally, DCN is above its average price of $0.000001860 over the past month of trading with its current price of $0.000001913. Overall, the recent trading history of Dentacoin suggest that traders are currently bullish on the token. DCN has a low market cap compared to the majority of tokens with a total market value of $1,124,923.96. 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 is low as $260.78 worth of the token is typically traded over a 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. Over the past 24 hours DCN's volume is below its average with $35.08 exchanged.

Summary

DCN'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 Dentacoin (DCN).