Photon (PHO): How Does the Chart Look Monday?

Monday, January 03, 2022 08:08 AM | InvestorsObserver Analysts

Photon receives a weak short-term technical score of 13 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. PHO holds a better recent technical analysis than 13% 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 Photon a 13 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Photon!

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Trading Analysis

Photon is $0.000000 (6.09%) above its 30-day low of $0.000001420 while -$0.000003 (-69.35%) below its 30-day high of $0.00000492. In addition, PHO's current price of $0.000001507 is under its 30-day moving average price of $0.000001919, leading to a weak short-term technical score. Overall the recent trading history of Photon suggest that investors are bearish on the coin at the moment. PHO has a relatively low market cap for a coin with a total market value of $65,026.03. Photon'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. Photon's average volume meanwhile is low with $0.00 worth of the coin traded over a typical 24 hour period. PHO'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, PHO's volume is below its average with $0.00 exchanged.

Summary

PHO's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term. Click Here to get the full Report on Photon (PHO).