DOWCOIN (DOW): How Does the Chart Look Wednesday?

Wednesday, December 29, 2021 06:44 PM | InvestorsObserver Analysts

DOWCOIN receives a weak short-term technical ranking of 8 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. DOW has a superior recent technical analysis than 8% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving DOWCOIN a 8 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DOWCOIN!

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Trading Analysis

DOW is currently $0.000033 (43.70%) above its 30-day low of $0.000075985 and -$0.000563 (-83.76%) below its 30-day high of $0.00067235. Additionally, DOW is under its average price of $0.000396157 over the past month of trading with its current price of $0.000109187. Overall, the recent trading history of DOWCOIN suggest that traders are currently bearish on the token. DOWCOIN's market cap of $1,293.35 is relatively low for a token. DOWCOIN'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. Meanwhile, DOW's average volume is low with $7.56 worth of the token traded over an average 24 hour period. DOW'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 last 24 hours, DOW's volume is below its usual with $0.99 exchanged.

Summary

DOWCOIN's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on DOWCOIN (DOW).