Is PRIZM (PZM) Heading the Right Direction Wednesday?

Wednesday, August 24, 2022 04:33 PM | InvestorsObserver Analysts

PRIZM receives a strong short-term technical score of 98 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. PZM holds a better recent technical analysis than 98% 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 PRIZM a 98 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on PRIZM!

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Trading Analysis

PRIZM is $0.003124 (241.35%) above its 30-day low of $0.001294474 while -$0.000379 (-7.90%) below its 30-day high of $0.00479776. In addition, PZM's current price of $0.004418747 is above its 30-day moving average price of $0.002410097, leading to a strong short-term technical score. Overall the recent trading history of PRIZM suggest that investors are bullish on the coin at the moment. PZM has a relatively average market cap for a coin with a total market value of $13,712,557.04. The market valuation for PRIZM is relatively average due to the largest 100 cryptos having a market cap above $1 billion and PZM sits underneath that mark but remains above $100 million in market capilization. PRIZM's average volume meanwhile is average with $528,678.84 worth of the coin traded over a typical 24 hour period. The volume for PZM 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, PZM's volume is below its average with $122,650.05 exchanged.

Summary

PRIZM's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin's short-term movement. Click Here to get the full Report on PRIZM (PZM).