Is POA Network (POA) Trending Lower or Higher Sunday?

Sunday, June 19, 2022 08:11 AM | InvestorsObserver Analysts

POA Network receives an average short-term technical ranking of 33 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. POA has a superior recent technical analysis than 33% of coins 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 POA Network a 33 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on POA Network!

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Trading Analysis

POA Network is $0.014680 (330.42%) higher than its 30-day low price of $0.004442847 while also -$0.035306 (-64.87%) lower than its high of $0.05442957 from the past month of trading. Meanwhile, POA's current price of $0.019123111 is under its average price of $0.041551918 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of POA Network suggest that traders are currently neutral on the coin. POA has a relatively average market cap for a coin with a total market value of $5,640,648.59. The market valuation for POA Network is relatively average due to the largest 100 cryptos having a market cap above $1 billion and POA sits underneath that mark but remains above $100 million in market capilization. POA Network's average volume meanwhile is average with $18.96 worth of the coin traded over a typical 24 hour period. The volume for POA is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, POA's volume is below its average with $2.58 exchanged. POA Network's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

POA Network's trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the coin in the near future. Click Here to get the full Report on POA Network (POA).