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Dogelon Mars (ELON) trending down or up on Saturday?

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Saturday May 28, 2022 10:29 am | InvestorsObserver Analysts

Dogelon Mars (ELON) trending down or up on Saturday?

Dogelon Mars gets a weak short-term technical ranking of 31 InvestorsObserver data analysis. The proprietary ranking system focuses on recent trading patterns over the past month to determine the strength of its short-term technicals. ELON has a superior current technical analysis than 31% of the tokens based on these trading metrics. Investors who primarily focus on short-term investment strategies will find this technical analysis most relevant to their goals when deciding whether to invest in a specific cryptocurrency.

Short term technical - 31
InvestorsObserver gives Dogelon Mars a short-term technical rank of 31. Find out what that means for you and get the rest of the leaderboard on Dogelon Mars!

Trade Analysis

Dogelon Mars is $0.000000 (20.83%) above its 30-day low of $0.000000371, while -$0.000001 (-58.14%) is below its 30-day high of $0.00000107. Additionally, ELON’s current price of $0.000000448 is below its 30-day moving average price of $0.000000663, resulting in a weak short-term technical score. Overall, Dogelon Mars’ recent trading history suggests that investors are bearish on the token at the moment. ELON has an average market cap compared to most tokens with a total market value of $247,185,725.36. The market valuation for Dogelon Mars is relatively average as the top 100 cryptos have a market cap of over $1 billion and ELON is below that mark but has a market cap of over $100 million. The average volume of Dogelon Mars is average as the $98,289,119.55 token is typically traded over a 24-hour period. Volume for ELON is relatively average as the top 100 cryptos traded have around $100 million worth of crypto over a 24 hour period and a large chunk of the market is worth at least $5 million each day. Over the past 24 hours, ELON’s volume has been below its average at $15,187,215.35. Subclass of Dogelon Mars Payment Tokens: A token used as a means of payment for goods and services inside or outside the crypto ecosystem. Commonly used as payment for services in a specific blockchain environment.

summary

Dogelon Mars’ price action over the past month has resulted in a weak short-term technical as recent trading has provided more bearish signals for traders regarding the token’s short-term movement. For the full Dogelon Mars (ELON) report, click here.

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