What do the Short-Term Technicals Predict for DEAPcoin (DEP) Sunday?

Sunday, December 17, 2023 11:13 AM | InvestorsObserver Analysts

InvestorsObserver gives DEAPcoin a strong short-term technical score of 76 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. DEP has currently traded better than 76% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving DEAPcoin a 76 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DEAPcoin!

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Trading Analysis

DEP is currently $0.000654 (58.11%) above its 30-day low of $0.001125672 and -$0.000170 (-8.74%) below its 30-day high of $0.00195020. Additionally, DEP is above its average price of $0.001434384 over the past month of trading with its current price of $0.001779813. Overall, the recent trading history of DEAPcoin suggest that traders are currently bullish on the token. DEAPcoin's market cap of $34,702,321.91 is relatively average for a token. The market valuation for DEAPcoin is relatively average due to the largest 100 cryptos having a market cap above $1 billion and DEP sits underneath that mark but remains above $100 million in market capilization. Meanwhile, DEP's average volume is average with $11,880,719.64 worth of the token traded over an average 24 hour period. The volume for DEP is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, DEP's volume is below its usual with $1,560,877.93 exchanged.

Summary

DEAPcoin's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on DEAPcoin (DEP).