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What do the Short-Term Technicals Predict for DeepBrain Chain (DBC) Monday?

Monday, December 04, 2023 06:33 PM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for DeepBrain Chain (DBC) Monday?

DeepBrain Chain receives a weak short-term technical ranking of 19 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. DBC has a superior recent technical analysis than 19% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short-Term Technical - 19
InvestorsObserver is giving DeepBrain Chain a 19 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DeepBrain Chain!

Trading Analysis

DBC is currently $0.000654 (36.87%) above its 30-day low of $0.001773759 and -$0.000537 (-18.12%) below its 30-day high of $0.00296498. Additionally, DBC is above its average price of $0.002011849 over the past month of trading with its current price of $0.002427725. Overall, the recent trading history of DeepBrain Chain suggest that traders are currently bearish on the token.
DeepBrain Chain's market cap of $7,768,719.67 is relatively average for a token. The market valuation for DeepBrain Chain is relatively average due to the largest 100 cryptos having a market cap above $1 billion and DBC sits underneath that mark but remains above $100 million in market capilization. Meanwhile, DBC's average volume is average with $2,161,720.12 worth of the token traded over an average 24 hour period. The volume for DBC 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, DBC's volume is below its usual with $291,474.07 exchanged. DeepBrain Chain's subclass Distributed Computing: While all blockchain technology is a form of distributed computing, projects in this category typically give access to a set of distributed computing resources.

Summary

DeepBrain Chain's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on DeepBrain Chain (DBC).

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