Is DAOventures (DVD) Trending Lower or Higher Sunday?

Sunday, April 10, 2022 06:17 PM | InvestorsObserver Analysts

DAOventures receives a weak short-term technical ranking of 14 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. DVD has a superior recent technical analysis than 14% 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 DAOventures a 14 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DAOventures!

See Full Report

Trading Analysis

DAOventures is $0.002298 (8.03%) higher than its 30-day low price of $0.028611410 while also -$0.011221 (-26.63%) lower than its high of $0.04213095 from the past month of trading. Meanwhile, DVD's current price of $0.030909777 is under its average price of $0.033958177 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of DAOventures suggest that traders are currently bearish on the token. DVD has a low market cap compared to the majority of tokens with a total market value of $284,371.36. DAOventures'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. DAOventures's average volume is low as $6,866.04 worth of the token is typically traded over a 24 hour period. DVD'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 DVD's volume is below its average with $1,063.99 exchanged. DAOventures'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

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