Is DAFI Protocol (DAFI) Heading the Wrong Direction Saturday?

Saturday, January 08, 2022 09:41 AM | InvestorsObserver Analysts

DAFI Protocol receives a strong short-term technical score of 89 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. DAFI holds a better recent technical analysis than 89% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving DAFI Protocol a 89 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DAFI Protocol!

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Trading Analysis

DAFI Protocol is $0.003160 (12.94%) higher than its 30-day low price of $0.024427410 while also -$0.011398 (-29.24%) lower than its high of $0.03898507 from the past month of trading. Meanwhile, DAFI's current price of $0.027587224 is under its average price of $0.028803855 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of DAFI Protocol suggest that traders are currently bullish on the token. DAFI has a average market cap compared to the majority of tokens with a total market value of $14,154,037.60. The market valuation for DAFI Protocol is relatively average due to the largest 100 cryptos having a market cap above $1 billion and DAFI sits underneath that mark but remains above $100 million in market capilization. DAFI Protocol's average volume is average as $5,979,889.29 worth of the token is typically traded over a 24 hour period. The volume for DAFI 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 DAFI's volume is below its average with $802,606.67 exchanged. DAFI Protocol's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that 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

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