DOSE (DOSE): Does it Score Well on Short-Term Trading Metrics Friday?

Friday, September 22, 2023 06:09 PM | InvestorsObserver Analysts

InvestorsObserver gives DOSE a weak short-term technical score of 25 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. DOSE has currently traded better than 25% 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 DOSE a 25 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DOSE!

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Trading Analysis

DOSE is $0.000013 (0.74%) above its 30-day low of $0.001762292 while -$0.001116 (-38.60%) below its 30-day high of $0.00289123. In addition, DOSE's current price of $0.001775343 is under its 30-day moving average price of $0.002317507, leading to a weak short-term technical score. Overall the recent trading history of DOSE suggest that investors are bearish on the token at the moment. DOSE has a low market cap compared to the majority of tokens with a total market value of $1,515,613.79. DOSE'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. DOSE's average volume is low as $4,346,079.38 worth of the token is typically traded over a 24 hour period. DOSE'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 DOSE's volume is below its average with $596,494.12 exchanged. DOSE'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

DOSE'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 DOSE (DOSE).