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What do the Short-Term Technicals Predict for Dotmoovs (MOOV) Friday?

Friday, December 08, 2023 03:02 PM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for Dotmoovs (MOOV) Friday?

InvestorsObserver gives Dotmoovs a weak short-term technical score of 3 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. MOOV has currently traded better than 3% 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.

Short-Term Technical - 3
InvestorsObserver is giving Dotmoovs a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dotmoovs!

Trading Analysis

Dotmoovs is $0.000525 (14.63%) above its 30-day low of $0.003590952 while -$0.002009 (-32.80%) below its 30-day high of $0.00612532. In addition, MOOV's current price of $0.004116276 is under its 30-day moving average price of $0.004478424, leading to a weak short-term technical score. Overall the recent trading history of Dotmoovs suggest that investors are bearish on the token at the moment.
MOOV has a low market cap compared to the majority of tokens with a total market value of $3,009,739.10. Dotmoovs'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. Dotmoovs's average volume is low as $2,997,722.73 worth of the token is typically traded over a 24 hour period. MOOV'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 past 24 hours MOOV's volume is below its average with $455,477.48 exchanged. Dotmoovs's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

MOOV'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 token in the short-term. Click Here to get the full Report on Dotmoovs (MOOV).

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