Is AirDAO (AMB) Trending Lower or Higher Friday?

Friday, September 22, 2023 07:40 PM | InvestorsObserver Analysts

InvestorsObserver gives AirDAO a strong short-term technical score of 87 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. AMB has currently traded better than 87% of coins 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 AirDAO a 87 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on AirDAO!

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Trading Analysis

AirDAO is $0.002785 (45.77%) above its 30-day low of $0.006083839 while -$0.002839 (-24.25%) below its 30-day high of $0.01170785. In addition, AMB's current price of $0.008868417 is above its 30-day moving average price of $0.007731809, leading to a strong short-term technical score. Overall the recent trading history of AirDAO suggest that investors are bullish on the coin at the moment. AMB has a average market cap compared to the majority of coins with a total market value of $15,157,723.65. The market valuation for AirDAO is relatively average due to the largest 100 cryptos having a market cap above $1 billion and AMB sits underneath that mark but remains above $100 million in market capilization. AirDAO's average volume is average as $1,241,593,762.52 worth of the coin is typically traded over a 24 hour period. The volume for AMB is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours AMB's volume is below its average with $6,767,084.40 exchanged. AirDAO's subclass Decentralized Finance: DeFi, or decentralized finance, Coins are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

AirDAO's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the coin in the near future. Click Here to get the full Report on AirDAO (AMB).