Is TemDAO (TEM) Trending Lower or Higher Monday?

Monday, September 04, 2023 06:33 PM | InvestorsObserver Analysts

InvestorsObserver gives TemDAO a weak short-term technical score of 24 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. TEM has currently traded better than 24% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving TemDAO a 24 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on TemDAO!

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Trading Analysis

TemDAO is $0.000000 (24.89%) above its 30-day low of $0.000000745 while -$0.000030 (-97.02%) below its 30-day high of $0.00003119. In addition, TEM's current price of $0.000000930 is under its 30-day moving average price of $0.000002010, leading to a weak short-term technical score. Overall the recent trading history of TemDAO suggest that investors are bearish on the token at the moment. TEM has a relatively low market cap for a token with a total market value of $25,207.32. TemDAO'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. TemDAO's average volume meanwhile is low with $466,512.24 worth of the token traded over a typical 24 hour period. TEM'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. As of the past 24 hours, TEM's volume is below its average with $65,352.90 exchanged.

Summary

TEM's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on TemDAO (TEM).