Is DNotes (NOTE) Heading the Wrong Direction Tuesday?

DNotes receives a weak short-term technical score of 2 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. NOTE holds a better recent technical analysis than 2% 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.

InvestorsObserver is giving DNotes a 2 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DNotes!

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Trading Analysis

DNotes is $0.000018 (42.38%) higher than its 30-day low price of $0.000043446 while also -$0.000367 (-85.58%) lower than its high of $0.00042909 from the past month of trading. Meanwhile, NOTE's current price of $0.000061859 is under its average price of $0.000129572 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of DNotes suggest that traders are currently bearish on the coin. NOTE has a low market cap compared to the majority of coins with a total market value of $8,353.66. DNotes'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. DNotes's average volume is low as $457,923.48 worth of the coin is typically traded over a 24 hour period. NOTE'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 NOTE's volume is below its average with $68,409.28 exchanged.

Summary

DNotes's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on DNotes (NOTE).