Is PotCoin (POT) Heading the Right Direction Friday?

Friday, January 28, 2022 07:15 AM | InvestorsObserver Analysts

PotCoin receives an average long-term technical score of 43 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, POT holds a superior long-term technical analysis score than 43% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving PotCoin a 43 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on PotCoin!

See Full Report

Trading Analysis

The current trading price of $0.006574885 for POT is -$0.0056993 (-46.43%) below the coins 100-day moving average of $0.012274223. POT meanwhile is $0.0015391 (-218308.24%) above its 52-week low of $0.005035735 and -$0.05391471 (-16520.90%) under its 52-week high price of $0.060489591. PotCoin's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 43. The price movement and range of POT suggest that investors are bearish on the coin at this time. PotCoin has a market capitalization of $1,494,359.82 and a relatively low average daily volume with $5,518.69 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, POT's volume is below its seven day average with 744.45 exchanged.

Summary

Technical analysis of PotCoin over the past year results in the crypto receiving a an average long-term technical score of 43 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on PotCoin (POT).