Is PREMA (PRMX) Heading the Right Direction Thursday?

Thursday, March 28, 2024 06:51 PM | InvestorsObserver Analysts

InvestorsObserver gives PREMA a strong short-term technical score of 73 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. PRMX has currently traded better than 73% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving PREMA a 73 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on PREMA!

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Trading Analysis

PREMA is $0.000001 (114.92%) higher than its 30-day low price of $0.000001138 while also -$0.000002 (-45.65%) lower than its high of $0.00000450 from the past month of trading. Meanwhile, PRMX's current price of $0.000002446 is above its average price of $0.000001595 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of PREMA suggest that traders are currently bullish on the token. PRMX has a relatively low market cap for a token with a total market value of $705.13. PREMA'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. PREMA's average volume meanwhile is low with $1,550,894.65 worth of the token traded over a typical 24 hour period. PRMX'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, PRMX's volume is below its average with $223,112.27 exchanged.

Summary

PREMA'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 token in the near future. Click Here to get the full Report on PREMA (PRMX).