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CDS Crypto News YFII Receives Weak Long-Term Technical Score of 14: A Closer Look at Trading Patterns and Analysis

Crypto News

YFII Receives Weak Long-Term Technical Score of 14: A Closer Look at Trading Patterns and Analysis

Zeynep Öztürk02/02/20241 Mins read95

YFII Receives Weak Long-Term Technical Score of 14: A Closer Look at Trading Patterns and Analysis

Crypto News – InvestorsObserver‘s in-depth analysis has assigned a weak long-term technical score of 14 to DFI.Money. Our scoring system meticulously evaluates trading patterns spanning several months to a year, considering factors like consistency, volatility, and its position relative to long-term averages. This score aims to assist investors in identifying robust buy-and-hold opportunities.

Table of Contents

At present, YFII outperforms 14% of other cryptocurrencies based on its long-term technical analysis score. For long-term investors employing a buy-and-hold strategy, this Long-Term Rank holds particular significance as they allocate their assets. Additionally, it can be valuable to explore cryptocurrencies with high short-term technical scores, potentially uncovering tokens that have hit their bottom.

YFII Trading Analysis

DFI.Money‘s current price of $994.88 is $227.85 (18.63%) below its 100-day moving average of $1,222.73. Meanwhile, YFII stands at $599.17 (248.64%) above its 52-week low of $395.71, but still $2,293.57 (29.95%) below its 52-week high of $3,288.45. In evaluating YFII’s long-term technical score of 14, we consider its current trading price in relation to its long-term average, as well as its 52-week high and low. The long-term trading trend for DFI.Money indicates a bearish sentiment among investors.

DFI.Money boasts a total market value of $38,398,411.53 and records an average daily trading volume of $250,582,046.34 over a typical 24-hour period. Over the past 24 hours, YFII’s trading volume has fallen below its average, totaling $78,183,883.83.

Token Classification

DFI.Money falls under the subclass of Decentralized Finance (DeFi) tokens. DeFi tokens are designed as alternatives to traditional financial institutions, offering conventional financial products and services without the need for brokers, exchanges, or banks through the implementation of smart contracts.

In Summary

DFI.Money‘s weak long-term technical score of 14 reflects its trading patterns over the past year, characterized by factors such as consistency, volatility, and its relationship with long-term averages. These aspects have contributed to a bearish sentiment among investors.