Is PumaPay (PMA) Heading the Right Direction Saturday?

Saturday, November 19, 2022 10:56 AM | InvestorsObserver Analysts

InvestorsObserver gives PumaPay a weak short-term technical score of 20 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. PMA has currently traded better than 20% 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 PumaPay a 20 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on PumaPay!

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Trading Analysis

PumaPay is $0.000013 (222.60%) higher than its 30-day low price of $0.000006018 while also -$0.000136 (-87.53%) lower than its high of $0.00015564 from the past month of trading. Meanwhile, PMA's current price of $0.000019413 is under its average price of $0.000020924 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of PumaPay suggest that traders are currently bearish on the token. PumaPay's market cap of $616,034.88 is relatively low for a token. PumaPay'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. Meanwhile, PMA's average volume is low with $1,150.65 worth of the token traded over an average 24 hour period. PMA'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 last 24 hours, PMA's volume is below its usual with $165.73 exchanged.

Summary

PumaPay'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 PumaPay (PMA).