MU DANK (DANK): How Does the Chart Look Monday?

Monday, January 03, 2022 06:45 AM | InvestorsObserver Analysts

MU DANK receives a weak short-term technical ranking of 3 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. DANK has a superior recent technical analysis than 3% 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 MU DANK a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on MU DANK!

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Trading Analysis

MU DANK is $0.000098 (5.88%) higher than its 30-day low price of $0.001673323 while also -$0.006847 (-79.44%) lower than its high of $0.00861906 from the past month of trading. Meanwhile, DANK's current price of $0.001771701 is under its average price of $0.003737491 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of MU DANK suggest that traders are currently bearish on the token. Currently, volume and market capitalization data for DANK are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find tokens such as MU DANK extra intriguing. MU DANK's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

DANK'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 MU DANK (DANK).