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Should You Buy ODIN PROTOCOL (ODIN) Friday?

Friday, September 22, 2023 07:06 PM | InvestorsObserver Analysts
Should You Buy ODIN PROTOCOL (ODIN) Friday?

ODIN PROTOCOL receives a weak short-term technical score of 17 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. ODIN holds a better recent technical analysis than 17% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 17
InvestorsObserver is giving ODIN PROTOCOL a 17 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ODIN PROTOCOL!

Trading Analysis

ODIN is currently $0.001494 (21.74%) above its 30-day low of $0.006869539 and -$0.010069 (-54.63%) below its 30-day high of $0.01843182. Additionally, ODIN is under its average price of $0.011959438 over the past month of trading with its current price of $0.008363306. Overall, the recent trading history of ODIN PROTOCOL suggest that traders are currently bearish on the coin.
ODIN PROTOCOL's market cap of $146,097.96 is relatively low for a coin. ODIN PROTOCOL'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. Meanwhile, ODIN's average volume is low with $5,747.21 worth of the coin traded over an average 24 hour period. ODIN'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 last 24 hours, ODIN's volume is below its usual with $753.54 exchanged. ODIN PROTOCOL's subclass Decentralized Finance: DeFi, or decentralized finance, Coins are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.


ODIN's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term. Click Here to get the full Report on ODIN PROTOCOL (ODIN).

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