HyperDAO (HDAO) What Does the Chart Say Friday?

Friday, June 02, 2023 07:12 PM | InvestorsObserver Analysts

InvestorsObserver gives HyperDAO a weak short-term technical score of 0 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. HDAO has currently traded better than 0% 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 HyperDAO a 0 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on HyperDAO!

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Trading Analysis

HyperDAO is $0.000000 (0.06%) above its 30-day low of $0.000199974 while -$0.000954 (-82.66%) below its 30-day high of $0.00115393. In addition, HDAO's current price of $0.000200094 is under its 30-day moving average price of $0.001079538, leading to a weak short-term technical score. Overall the recent trading history of HyperDAO suggest that investors are bearish on the token at the moment. HDAO has a low market cap compared to the majority of tokens with a total market value of $680,319.52. HyperDAO'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. HyperDAO's average volume is low as $21.85 worth of the token is typically traded over a 24 hour period. HDAO'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 HDAO's volume is below its average with $3.36 exchanged.

Summary

HDAO's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on HyperDAO (HDAO).