Is Datacoin (DTC) Heading the Right Direction Tuesday?

Tuesday, February 08, 2022 11:07 AM | InvestorsObserver Analysts

InvestorsObserver gives Datacoin a weak short-term technical score of 27 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. DTC has currently traded better than 27% 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 Datacoin a 27 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Datacoin!

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Trading Analysis

Datacoin is $0.000103 (30.99%) above its 30-day low of $0.000331841 while -$0.000441 (-50.36%) below its 30-day high of $0.00087559. In addition, DTC's current price of $0.000434677 is above its 30-day moving average price of $0.000400296, leading to a weak short-term technical score. Overall the recent trading history of Datacoin suggest that investors are bearish on the coin at the moment. Currently, volume and market capitalization data for DTC are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find coins such as Datacoin extra intriguing.

Summary

DTC'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 coin in the short-term. Click Here to get the full Report on Datacoin (DTC).