Is Dentacoin (DCN) Heading the Wrong Direction Sunday?

Sunday, September 18, 2022 06:57 PM | InvestorsObserver Analysts

Dentacoin receives an average short-term technical score of 38 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. DCN holds a better recent technical analysis than 38% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Dentacoin a 38 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dentacoin!

See Full Report

Trading Analysis

Dentacoin is $0.000000 (0.55%) above its 30-day low of $0.000001355 while -$0.000001 (-51.43%) below its 30-day high of $0.00000281. In addition, DCN's current price of $0.000001363 is under its 30-day moving average price of $0.000001962, leading to an average short-term technical score. Overall the recent trading history of Dentacoin suggest that investors are neutral on the token at the moment. DCN has a low market cap compared to the majority of tokens with a total market value of $801,532.48. Dentacoin'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. Dentacoin's average volume is low as $935.49 worth of the token is typically traded over a 24 hour period. DCN'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 DCN's volume is below its average with $451.06 exchanged.

Summary

Dentacoin's trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the token in the near future. Click Here to get the full Report on Dentacoin (DCN).