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Dora Token Falls and Reaches $0.1916, Will Its Downtrend Continue?

  • Dora Factory (DORA) is an open-source venture developer that aims to empower hackers of DORA by creating tools designed specifically for sustainable decentralized ventures.
  • The goal of Dora Factory’s DAO-as-a-service infrastructure is to fortify and safeguard projects and upcoming organizations from malware and fraud.

The CMP (Current Market Price) of the Dora Token is $0.01916. The value of Dora Token’s market valuation is $188,353,108. Dora Token is the native cryptocurrency of Dora Factory. 

Market Information About Dora Token

Dora Token’s market cap increased by 1.60% at the press time. Volume increased by 16% in the last 24 hours. The ratio of tokens is unequal. $445,085 worth of Dora Tokens were traded the previous day. It is now ranked 230th among 8,826 active cryptocurrencies in the world by market valuation. The liquidity of the cryptocurrency Dora Tokens is 0.18%. 

The market supply of Dora Tokens is currently 9,583,587,250 DORA. There are a total of 10,000,000,000 DORA Tokens in the market. 

Technical Indicators for the DORA Token

The 200-day Exponential Moving Average in Dora Token shows selling activity at the $1.43013 price level. According to its 200-day Simple Moving Average, it should be sold at $1.64360. The 100-day SMA offers selling at the $0.91761 market price. At $0.76342, the 100-day EMA suggests a selling trend. At 29.21114, the RSI (14) line indicates the buy action. It indicates that the stock was sold more than it was bought.

Technical Analysis of the DORA Token

The all-time high in DORA was made on April 21, 2021, which was around $67 and its lowest point was $ 0.01251, on October 02, 2023.  As we can see in the image, the Dora Token is situated in a downtrend in the daily time frame.  Today, Dora Token has surged by 0.95%. Therefore, the DORA increased by $0.00018. 

As we can see, the DORA coin began to go in a downtrend motion. It has been moving in the same pattern since September 2023 after a huge gap-down opening in the DORA Token.

The price changing rate is around 9.71%. Its Fear & Greed Index is showing 70 (Greed). The DORA Token in the 1-Month is up by 05%. Over the history of DORA Token, it is down by 99%. Year to date it is down by 99%. The DORA Token in the last 6 months is down by 99.38%. In the 7-D analysis, the DORA Token was up by 24.17%.

Live Chart of DORA Token

Conclusion

As per the report made by the experts, the DORA Token might fall to $0.018840 by 01 November 2023. The fall will be around 7.31%, which is very bad for any token. So, the chances of selling in the DORA coin becomes high.

Technical Levels
  • Support level- $0.01544 and $1.15240
  • Resistance level- $0.02362 and $2.04303
Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Nancy J. Allen: Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.