Phantomx (PNX): How Does the Chart Look Thursday?

Thursday, November 17, 2022 10:12 AM | InvestorsObserver Analysts

InvestorsObserver gives Phantomx a strong short-term technical score of 90 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. PNX has currently traded better than 90% of coins 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 Phantomx a 90 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Phantomx!

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Trading Analysis

PNX is currently $0.000041 (28.87%) above its 30-day low of $0.000141144 and -$0.000546 (-75.01%) below its 30-day high of $0.00072780. Additionally, PNX is above its average price of $0.000173508 over the past month of trading with its current price of $0.000181886. Overall, the recent trading history of Phantomx suggest that traders are currently bullish on the coin. PNX has a low market cap compared to the majority of coins with a total market value of $8,820.68. Phantomx'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. Phantomx's average volume is low as $0.31 worth of the coin is typically traded over a 24 hour period. PNX'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 PNX's volume is below its average with $0.05 exchanged.

Summary

Phantomx'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 coin in the near future. Click Here to get the full Report on Phantomx (PNX).