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What do the Long-Term Technicals Predict for Dynamite (DYNMT) Wednesday?

Wednesday, March 02, 2022 04:16 PM | InvestorsObserver Analysts
What do the Long-Term Technicals Predict for Dynamite (DYNMT) Wednesday?

InvestorsObserver gives Dynamite a strong long-term technical score of 72 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. DYNMT at this time has a superior long-term technical analysis score than 72% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

Long-Term Technical - 72
InvestorsObserver is giving Dynamite a 72 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dynamite!

Trading Analysis

DYNMT is currently -$0.0654557 (-57.98%) below its 100-day moving average price of $0.112894129 with its current price of $0.047438440. Meanwhile, Dynamite is $0.0209919 (-41414.00%) above its 52-week low price of $0.026446521 and -$1.99088758 (-488.27%) below its 52-week high of $2.038326025. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 72. Trends for the long-term trading history of Dynamite suggest that traders are currently neutral on the token. Dynamite currently has a total market cap of $18,356.73 to go along with its average daily volume of $417,177.58 worth of the currency over the past seven days. DYNMT's volume is below its seven day average as of the past 24 hours, with 59,393.74 exchanged in that period.

Summary

Technical analysis of Dynamite over the past year results in the crypto receiving a a strong long-term technical score of 72 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Dynamite (DYNMT).

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