Should You Buy Dogs Of Elon (DOE) Thursday?

Thursday, April 27, 2023 04:54 PM | InvestorsObserver Analysts

Dogs Of Elon receives a weak short-term technical ranking of 11 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. DOE has a superior recent technical analysis than 11% 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 Dogs Of Elon a 11 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dogs Of Elon!

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Trading Analysis

Dogs Of Elon is $0.000041 (32.11%) higher than its 30-day low price of $0.000128306 while also -$0.012807 (-98.69%) lower than its high of $0.01297681 from the past month of trading. Meanwhile, DOE's current price of $0.000169499 is above its average price of $0.000153551 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Dogs Of Elon suggest that traders are currently bearish on the token. DOE has a low market cap compared to the majority of tokens with a total market value of $32,562.81. Dogs Of Elon'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. Dogs Of Elon's average volume is low as $5,287.77 worth of the token is typically traded over a 24 hour period. DOE'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 DOE's volume is below its average with $827.37 exchanged. Dogs Of Elon'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

Dogs Of Elon's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on Dogs Of Elon (DOE).