Does it Score Poorly on Long-Term Trading Metrics Saturday?

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Saturday, June 11, 2022 09:21 AM | InvestorsObserver Analysts

InvestorsObserver gives DeFi Yield Protocol a strong long-term technical score of 100 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.

DYP at this time has a superior long-term technical analysis score than 100% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

Long-Term Technical - 100
InvestorsObserver is giving DeFi Yield Protocol a 100 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DeFi Yield Protocol!

Trading Analysis

The current trading price of $0.290000000 for DYP is $0.1500000 (116.36%) above the tokens 100-day moving average of $0.130000000. DYP meanwhile is $0.2300000 (-19234.50%) above its 52-week low of $0.060000000 and -$0.76000000 (-926.76%) under its 52-week high price of $1.050000000. DeFi Yield Protocol’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 100. The price movement and range of DYP suggest that investors are neutral on the token at this time.

DeFi Yield Protocol has a total market value of $5,922,311.32 with an low average daily volume of $10,879,736.04 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, DYP’s volume is below its average with $2,744,453.72 exchanged in total.

This token’s subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

DYP’s historical trading over the past year gives it a a strong long-term technical score of 100 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 Yield Protocol (DYP).

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