Should You Buy DeepBrain Chain (DBC) Saturday?

Saturday, January 27, 2024 07:32 AM | InvestorsObserver Analysts

DeepBrain Chain receives an average short-term technical ranking of 62 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. DBC has a superior recent technical analysis than 62% 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 DeepBrain Chain a 62 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DeepBrain Chain!

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Trading Analysis

DeepBrain Chain is $0.000080 (4.43%) above its 30-day low of $0.001808115 while -$0.000606 (-24.31%) below its 30-day high of $0.00249471. In addition, DBC's current price of $0.001888300 is under its 30-day moving average price of $0.002097304, leading to an average short-term technical score. Overall the recent trading history of DeepBrain Chain suggest that investors are neutral on the token at the moment. DeepBrain Chain's market cap of $10,251,488.47 is relatively average for a token. The market valuation for DeepBrain Chain is relatively average due to the largest 100 cryptos having a market cap above $1 billion and DBC sits underneath that mark but remains above $100 million in market capilization. Meanwhile, DBC's average volume is average with $1,607,895.87 worth of the token traded over an average 24 hour period. The volume for DBC is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, DBC's volume is below its usual with $223,561.06 exchanged. DeepBrain Chain's subclass Distributed Computing: While all blockchain technology is a form of distributed computing, projects in this category typically give access to a set of distributed computing resources.

Summary

DBC's recent trading over the past month give it an average short-term technical score as its recent price movement give traders reason to be more neutral on the token in the short-term. Click Here to get the full Report on DeepBrain Chain (DBC).