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Is PointPay (PXP) Trending Lower or Higher Monday?

Monday, January 30, 2023 07:41 PM | InvestorsObserver Analysts
Is PointPay (PXP) Trending Lower or Higher Monday?

PointPay receives a weak short-term technical score of 22 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. PXP holds a better recent technical analysis than 22% of tokens 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.

Short-Term Technical - 22
InvestorsObserver is giving PointPay a 22 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on PointPay!

Trading Analysis

PointPay is $0.001353 (18.40%) higher than its 30-day low price of $0.007354445 while also -$0.007858 (-47.44%) lower than its high of $0.01656586 from the past month of trading. Meanwhile, PXP's current price of $0.008707600 is under its average price of $0.008893750 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of PointPay suggest that traders are currently bearish on the token.
PXP has a low market cap compared to the majority of tokens with a total market value of $2,634,058.44. PointPay'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. PointPay's average volume is low as $954,146.69 worth of the token is typically traded over a 24 hour period. PXP'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. Over the past 24 hours PXP's volume is below its average with $118,134.89 exchanged.

Summary

PointPay'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 token's short-term movement. Click Here to get the full Report on PointPay (PXP).

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