What do the Long-Term Technicals Predict for DeepOnion (ONION) Saturday?

Saturday, April 01, 2023 10:26 AM | InvestorsObserver Analysts

DeepOnion receives a weak long-term technical score of 21 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin'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. ONION currently holds a superior long-term technical analysis score than 21% 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. coins 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 DeepOnion a 21 Long-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 -$0.0120974 (-29.57%) below its 100-day moving average price of $0.040905844 with its current price of $0.028808448. Meanwhile, DeepOnion is $0.0053454 (-46759.54%) above its 52-week low price of $0.023463001 and -$0.19645868 (-4426.39%) below its 52-week high of $0.225267127. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 21. Trends for the long-term trading history of DeepOnion suggest that traders are currently bearish on the coin. DeepOnion has a market capitalization of $660,009.69 and a relatively low average daily volume with $1,525.00 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ONION's volume is below its seven day average with 296.99 exchanged. This coin'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

Trading patterns over the last year for DeepOnion leads to the coin's a weak long-term technical score of 21 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on DeepOnion (ONION).