DeFi Bids receives an average long-term technical score of 52 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, BID holds a superior long-term technical analysis score than 52% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
Trading Analysis
DeFi Bids’s price is -$0.0030550 (-19.71%) below its 100-day moving average price of $0.015502545 as its price at the moment sits at $0.012447574. Additionally, BID is $0.0053550 (-154915.29%) higher than its 52-week low price of $0.007092620 while -$0.20440789 (-4605.63%) under its 52-week high of $0.216855466. The current trading price in relation to its long-term average along with its 52-week high and low, gives BID an average long-term technical score of 52. Long-term trading movement of DeFi Bids suggest that investors are neutral on the token at the moment.
DeFi Bids has a market capitalization of $307,786.87 and a relatively low average daily volume with $29,794.78 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, BID’s volume is below its seven day average with 4,100.28 exchanged.
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.
Summary
BID’s historical trading over the past year gives it a an average long-term technical score of 52 as its price movement in that time has given investors reason to be neutral on the token in the long-term.
Click Here to get the full Report on DeFi Bids (BID).
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