Degenerator Meme receives an average long-term technical score of 39 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
MEME currently holds a superior long-term technical analysis score than 39% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
The current trading price of $35.390000000 for MEME is -$17.6500000 (-33.28%) below the tokens 100-day moving average of $53.040000000. MEME meanwhile is $35.3900000 (4270673.09%) above its 52-week low of $0.000000000 and -$553.85000000 (4.31%) under its 52-week high price of $589.240000000. Degenerator Meme’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 39. The price movement and range of MEME suggest that investors are bearish on the token at this time.
Currently, volume and market capitalization data is not available for MEME. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find tokens such as Degenerator Meme extra intriguing.
This token’s subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.
Technical analysis of Degenerator Meme over the past year results in the crypto receiving a an average long-term technical score of 39 as its price movement in that time has given traders reason to be bearish on the token in the long-term.
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