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Is DAOstack (GEN) Trending Lower or Higher Friday?

Friday, February 11, 2022 03:42 PM | InvestorsObserver Analysts
Is DAOstack (GEN) Trending Lower or Higher Friday?

DAOstack receives a strong short-term technical ranking of 79 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 79% 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.

Short-Term Technical - 79
InvestorsObserver is giving DAOstack a 79 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DAOstack!

Trading Analysis

DAOstack is $0.006352 (26.85%) higher than its 30-day low price of $0.023657454 while also -$0.027131 (-47.48%) lower than its high of $0.05714092 from the past month of trading. Meanwhile, GEN's current price of $0.030009730 is under its average price of $0.035103087 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of DAOstack suggest that traders are currently bullish on the token. DAOstack's market cap of $1,471,349.91 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 $816,496.01 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 $129,238.85 exchanged.


DAOstack'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 DAOstack (GEN).

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