Is DinoSwap (DINO) Heading the Right Direction Sunday?

Sunday, August 07, 2022 07:34 AM | InvestorsObserver Analysts

DinoSwap receives a strong short-term technical ranking of 77 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. DINO has a superior recent technical analysis than 77% 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 DinoSwap a 77 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DinoSwap!

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Trading Analysis

DINO is currently $0.000334 (29.09%) above its 30-day low of $0.001148618 and $0.000000 (0.00%) below its 30-day high of $0.00148284. Additionally, DINO is above its average price of $0.001344268 over the past month of trading with its current price of $0.001482805. Overall, the recent trading history of DinoSwap suggest that traders are currently bullish on the token. DinoSwap's market cap of $225,832.53 is relatively low for a token. DinoSwap'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. Meanwhile, DINO's average volume is low with $115,615.14 worth of the token traded over an average 24 hour period. DINO'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 last 24 hours, DINO's volume is below its usual with $17,347.02 exchanged. DinoSwap'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

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