Should You Buy Dogelon Mars (ELON) Monday? | marketrealtime.com


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Monday, November 21, 2022 03:19 PM | InvestorsObserver Analysts

InvestorsObserver gives Dogelon Mars a weak short-term technical score of 20 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. ELON has currently traded better than 20% 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 - 20
InvestorsObserver is giving Dogelon Mars a 20 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dogelon Mars!

Trading Analysis

Dogelon Mars is $0.000000 (10.96%) above its 30-day low of $0.000000236 while $0.000000 (-53.38%) below its 30-day high of $0.00000056. In addition, ELON’s current price of $0.000000262 is under its 30-day moving average price of $0.000000328, leading to a weak short-term technical score. Overall the recent trading history of Dogelon Mars suggest that investors are bearish on the token at the moment.

ELON has a average market cap compared to the majority of tokens with a total market value of $144,097,633.87. The market valuation for Dogelon Mars is relatively average due to the largest 100 cryptos having a market cap above $1 billion and ELON sits underneath that mark but remains above $100 million in market capilization. Dogelon Mars’s average volume is average as $28,397,122.72 worth of the token is typically traded over a 24 hour period. The volume for ELON 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 past 24 hours ELON’s volume is below its average with $4,043,980.19 exchanged.

Dogelon Mars’s subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.

Summary

ELON’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 Dogelon Mars (ELON).

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