Is Davinci Coin (DAC) Trending Lower or Higher Wednesday?

Davinci Coin receives a weak short-term technical ranking of 8 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. DAC has a superior recent technical analysis than 8% 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 Davinci Coin a 8 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Davinci Coin!

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Trading Analysis

Davinci Coin is $0.000026 (14.06%) higher than its 30-day low price of $0.000183077 while also -$0.024954 (-99.17%) lower than its high of $0.02516262 from the past month of trading. Meanwhile, DAC's current price of $0.000208822 is under than its average price of $0.000671190 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Davinci Coin suggest that traders are currently bearish on the token. DAC has a relatively low market cap for a token with a total market value of $1,770,510.25. Davinci Coin'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. Davinci Coin's average volume meanwhile is low with $23,812,605.11 worth of the token traded over a typical 24 hour period. DAC'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. As of the past 24 hours, DAC's volume is below its average with $1,867,058.60 exchanged.

Summary

Davinci Coin's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on Davinci Coin (DAC).