Should You Buy DeFi Degen Land (DDL) Friday?

Friday, July 29, 2022 04:40 PM | InvestorsObserver Analysts

InvestorsObserver gives DeFi Degen Land a weak short-term technical score of 4 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. DDL has currently traded better than 4% 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 DeFi Degen Land a 4 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DeFi Degen Land!

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Trading Analysis

DeFi Degen Land is $0.000000 (41.70%) higher than its 30-day low price of $0.000000094 while also $0.000000 (-78.38%) lower than its high of $0.00000061 from the past month of trading. Meanwhile, DDL's current price of $0.000000133 is under its average price of $0.000000281 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of DeFi Degen Land suggest that traders are currently bearish on the token. DDL has a low market cap compared to the majority of tokens with a total market value of $19,934.40. DeFi Degen Land'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. DeFi Degen Land's average volume is low as $1,278.16 worth of the token is typically traded over a 24 hour period. DDL'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 DDL's volume is below its average with $176.54 exchanged.

Summary

DeFi Degen Land's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on DeFi Degen Land (DDL).