Growth DeFi (GRO) What Does the Chart Say Monday?

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Monday, September 19, 2022 07:40 AM | InvestorsObserver Analysts

InvestorsObserver gives Growth DeFi a weak short-term technical score of 1 from its analysis. The proprietary scoring system considers the token’s trading history over the past month to determine the strength of its short-term technicals. GRO has currently traded better than 1% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short-Term Technical - 1
InvestorsObserver is giving Growth DeFi a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Growth DeFi!

Trading Analysis

Growth DeFi is $0.012042 (51.88%) higher than its 30-day low price of $0.023211494 while also -$4.413373 (-99.21%) lower than its high of $4.44862652 from the past month of trading. Meanwhile, GRO’s current price of $0.035253082 is under its average price of $1.624540290 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Growth DeFi suggest that traders are currently bearish on the token.

GRO has a low market cap compared to the majority of tokens with a total market value of $15,277.88. Growth DeFi’s relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Growth DeFi’s average volume is low as $2,058.56 worth of the token is typically traded over a 24 hour period. GRO’s volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours GRO’s volume is below its average with $56.98 exchanged.

Growth DeFi’s subclass Governance: Governance tokens control changes to a crytpo ecosystem. Holders of governance tokens get a say in changes to the protocols that govern a particular blockchain or DeFi system.

Summary

Growth DeFi’s trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future.

Click Here to get the full Report on Growth DeFi (GRO).

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