Is Paribus (PBX) Heading the Wrong Direction Monday?

Monday, March 20, 2023 11:12 AM | InvestorsObserver Analysts

Paribus receives a weak short-term technical ranking of 5 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. PBX has a superior recent technical analysis than 5% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Paribus a 5 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Paribus!

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Trading Analysis

Paribus is $0.000415 (33.16%) above its 30-day low of $0.001253147 while -$0.001200 (-41.82%) below its 30-day high of $0.00286820. In addition, PBX's current price of $0.001668638 is under its 30-day moving average price of $0.001916331, leading to a weak short-term technical score. Overall the recent trading history of Paribus suggest that investors are bearish on the token at the moment. PBX has a relatively low market cap for a token with a total market value of $844,986.88. Paribus'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. Paribus's average volume meanwhile is low with $2,068,716.35 worth of the token traded over a typical 24 hour period. PBX'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. As of the past 24 hours, PBX's volume is below its average with $300,495.60 exchanged.

Summary

PBX's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on Paribus (PBX).