Is Dreamcoin (DRM) Heading the Right Direction Wednesday?

Wednesday, March 02, 2022 11:25 AM | InvestorsObserver Analysts

Dreamcoin receives a weak long-term technical score of 8 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, DRM holds a superior long-term technical analysis score than 8% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Dreamcoin a 8 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dreamcoin!

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Trading Analysis

DRM is currently -$0.0079565 (-56.15%) below its 100-day moving average price of $0.014169920 with its current price of $0.006213387. Meanwhile, Dreamcoin is $0.0012059 (-219545.97%) above its 52-week low price of $0.005007510 and -$0.12251535 (-7763.45%) below its 52-week high of $0.128728732. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 8. Trends for the long-term trading history of Dreamcoin suggest that traders are currently bearish on the coin. Dreamcoin has a market capitalization of $16,768.49 and a relatively low average daily volume with $33.17 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, DRM's volume is below its seven day average with 5.26 exchanged.

Summary

Trading patterns over the last year for Dreamcoin leads to the coin's a weak long-term technical score of 8 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on Dreamcoin (DRM).