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DigixDAO (DGD): How Does the Chart Look Wednesday?

Wednesday, September 07, 2022 03:19 PM | InvestorsObserver Analysts
DigixDAO (DGD): How Does the Chart Look Wednesday?

InvestorsObserver gives DigixDAO a weak long-term technical score of 7 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. DGD at this time has a superior long-term technical analysis score than 7% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

Long-Term Technical - 7
InvestorsObserver is giving DigixDAO a 7 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DigixDAO!

Trading Analysis

DigixDAO's price is -$81.3400000 (-41.15%) below its 100-day moving average price of $197.650000000 as its price at the moment sits at $116.310000000. Additionally, DGD is $1,822.6600000 (-6.17%) higher than its 52-week low price of $-1,706.360000000 while -$1,238.09000000 (7.85%) 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 7. Long-term trading movement of DigixDAO suggest that investors are bearish on the token at the moment. DigixDAO has a total market value of $8,596,251.31 with an low average daily volume of $191.71 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, DGD's volume is below its average with $26.24 exchanged in total. 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

Trading patterns over the last year for DigixDAO leads to the token's a weak long-term technical score of 7 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on DigixDAO (DGD).

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