Is Pinkcoin (PINK) Heading the Right Direction Friday?

Friday, February 03, 2023 06:22 PM | InvestorsObserver Analysts

Pinkcoin receives a weak short-term technical score of 12 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. PINK holds a better recent technical analysis than 12% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Pinkcoin a 12 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Pinkcoin!

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Trading Analysis

PINK is currently $0.000061 (40.96%) above its 30-day low of $0.000149601 and -$0.000154 (-42.18%) below its 30-day high of $0.00036474. Additionally, PINK is under its average price of $0.000224812 over the past month of trading with its current price of $0.000210883. Overall, the recent trading history of Pinkcoin suggest that traders are currently bearish on the coin. PINK has a relatively low market cap for a coin with a total market value of $92,667.27. Pinkcoin'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. Pinkcoin's average volume meanwhile is low with $381.42 worth of the coin traded over a typical 24 hour period. PINK'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, PINK's volume is below its average with $58.64 exchanged.

Summary

Pinkcoin's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on Pinkcoin (PINK).