DigixDAO (DGD): How Does it Rank Wednesday on Long-Term Trading Metrics?

Wednesday, September 14, 2022 06:56 AM | InvestorsObserver Analysts

DigixDAO receives a weak long-term technical score of 13 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, DGD holds a superior long-term technical analysis score than 13% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving DigixDAO a 13 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DigixDAO!

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Trading Analysis

DigixDAO's price is -$72.8700000 (-37.81%) below its 100-day moving average price of $192.740000000 as its price at the moment sits at $119.870000000. Additionally, DGD is $1,826.2300000 (-6.38%) higher than its 52-week low price of $-1,706.360000000 while -$1,234.53000000 (8.11%) under its 52-week high of $1,354.400000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives DGD an average long-term technical score of 13. Long-term trading movement of DigixDAO suggest that investors are bearish on the token at the moment. DigixDAO currently has a total market cap of $8,855,458.30 to go along with its average daily volume of $172.07 worth of the currency over the past seven days. DGD's volume is below its seven day average as of the past 24 hours, with 26.41 exchanged in that period. This token's subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).

Summary

Technical analysis of DigixDAO over the past year results in the crypto receiving a a weak long-term technical score of 13 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on DigixDAO (DGD).