DMarket (DMT): Does it Score Poorly on Long-Term Trading Metrics Monday?

Monday, May 16, 2022 02:39 PM | InvestorsObserver Analysts

InvestorsObserver gives DMarket a weak long-term technical score of 13 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. DMT at this time has a superior long-term technical analysis score than 13% 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.

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

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Trading Analysis

DMT is currently -$0.0064416 (-60.59%) below its 100-day moving average price of $0.010630769 with its current price of $0.004189126. Meanwhile, DMarket is $0.0016736 (-437122.73%) above its 52-week low price of $0.002515497 and -$2.13469613 (-467.34%) below its 52-week high of $2.138885260. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 13. Trends for the long-term trading history of DMarket suggest that traders are currently bearish on the token. DMarket has a total market value of $238,452.47 with an low average daily volume of $271.44 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, DMT's volume is below its average with $36.25 exchanged in total. This token's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

Trading patterns over the last year for DMarket leads to the token's a weak long-term technical score of 13 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 DMarket (DMT).