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

Sunday, January 29, 2023 06:46 AM | InvestorsObserver Analysts

POA Network receives a strong short-term technical score of 66 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. POA holds a better recent technical analysis than 66% 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 POA Network a 66 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 $0.016667 (574.67%) above its 30-day low of $0.002900205 while $0.000000 (0.00%) below its 30-day high of $0.01956688. In addition, POA's current price of $0.019566882 is above its 30-day moving average price of $0.014169361, leading to a strong short-term technical score. Overall the recent trading history of POA Network suggest that investors are bullish on the coin at the moment. POA Network's market cap of $5,771,545.31 is relatively average for a coin. 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. Meanwhile, POA's average volume is average with $194.47 worth of the coin traded over an average 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. Over the last 24 hours, POA's volume is below its usual with $27.12 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 a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the coin in the near future. Click Here to get the full Report on POA Network (POA).