Should You Buy DeepOnion (ONION) Thursday?

Thursday, March 30, 2023 12:19 PM | InvestorsObserver Analysts

DeepOnion receives a strong short-term technical ranking of 87 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. ONION has a superior recent technical analysis than 87% of coins 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 DeepOnion a 87 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DeepOnion!

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Trading Analysis

ONION is currently $0.012648 (53.91%) above its 30-day low of $0.023463001 and -$0.027324 (-43.07%) below its 30-day high of $0.06343497. Additionally, ONION is above its average price of $0.034204734 over the past month of trading with its current price of $0.036110916. Overall, the recent trading history of DeepOnion suggest that traders are currently bullish on the coin. ONION has a low market cap compared to the majority of coins with a total market value of $827,292.67. DeepOnion'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. DeepOnion's average volume is low as $2,672.05 worth of the coin is typically traded over a 24 hour period. ONION'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 ONION's volume is below its average with $396.73 exchanged. DeepOnion's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

DeepOnion's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the coin in the near future. Click Here to get the full Report on DeepOnion (ONION).