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Is Dinero (DIN) Heading the Wrong Direction Thursday?

Thursday, January 20, 2022 08:39 AM | InvestorsObserver Analysts
Is Dinero (DIN) Heading the Wrong Direction Thursday?

Dinero receives a strong short-term technical score of 95 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. DIN holds a better recent technical analysis than 95% of coins 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.

Short-Term Technical - 95
InvestorsObserver is giving Dinero a 95 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dinero!

Trading Analysis

Dinero is $0.000221 (59.91%) above its 30-day low of $0.000368457 while -$0.000394 (-40.10%) below its 30-day high of $0.00098369. In addition, DIN's current price of $0.000589186 is above its 30-day moving average price of $0.000553106, leading to a strong short-term technical score. Overall the recent trading history of Dinero suggest that investors are bullish on the coin at the moment. DIN has a low market cap compared to the majority of coins with a total market value of $5,271.99. Dinero'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. Dinero's average volume is low as $622.11 worth of the coin is typically traded over a 24 hour period. DIN'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 DIN's volume is below its average with $84.29 exchanged.

Summary

DIN's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the coin in the short-term. Click Here to get the full Report on Dinero (DIN).

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