Is DAOstack (GEN) Heading the Wrong Direction Sunday?

Sunday, September 18, 2022 07:15 PM | InvestorsObserver Analysts

DAOstack receives a weak short-term technical ranking of 12 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. GEN has a superior recent technical analysis than 12% 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 DAOstack a 12 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DAOstack!

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Trading Analysis

DAOstack is $0.002994 (48.69%) above its 30-day low of $0.006149904 while -$0.067907 (-88.13%) below its 30-day high of $0.07705146. In addition, GEN's current price of $0.009144170 is under its 30-day moving average price of $0.012879118, leading to a weak short-term technical score. Overall the recent trading history of DAOstack suggest that investors are bearish on the token at the moment. DAOstack's market cap of $448,330.40 is relatively low for a token. DAOstack'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, GEN's average volume is low with $1,925.16 worth of the token traded over an average 24 hour period. GEN'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, GEN's volume is below its usual with $293.74 exchanged.

Summary

GEN'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 DAOstack (GEN).