Should You Buy King DAG (KDAG) Wednesday?

Wednesday, February 01, 2023 06:02 PM | InvestorsObserver Analysts

King DAG receives an average long-term technical score of 50 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. KDAG currently holds a superior long-term technical analysis score than 50% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving King DAG a 50 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on King DAG!

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Trading Analysis

KDAG is currently $0.1000000 (64.46%) above its 100-day moving average price of $0.150000000 with its current price of $0.250000000. Meanwhile, King DAG is $0.1500000 (-10782.86%) above its 52-week low price of $0.100000000 and -$0.29000000 (-1795.54%) below its 52-week high of $0.540000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 50. Trends for the long-term trading history of King DAG suggest that traders are currently bearish on the token. King DAG has a market capitalization of $13,818,262.72 and a relatively average average daily volume with $68,258.07 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, KDAG's volume is below its seven day average with 10,044.37 exchanged.

Summary

KDAG's historical trading over the past year gives it a an average long-term technical score of 50 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on King DAG (KDAG).