Plair (PLA) What Does the Chart Say Wednesday?

Wednesday, January 26, 2022 07:05 AM | InvestorsObserver Analysts

InvestorsObserver gives Plair a weak short-term technical score of 27 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. PLA has currently traded better than 27% 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 Plair a 27 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Plair!

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Trading Analysis

Plair is $0.000004 (29.70%) higher than its 30-day low price of $0.000014446 while also -$0.000042 (-69.00%) lower than its high of $0.00006043 from the past month of trading. Meanwhile, PLA's current price of $0.000018736 is under its average price of $0.000031424 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Plair suggest that traders are currently bearish on the token. PLA has a relatively low market cap for a token with a total market value of $479,842.84. Plair'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. Plair's average volume meanwhile is low with $6,582.21 worth of the token traded over a typical 24 hour period. PLA'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, PLA's volume is below its average with $858.72 exchanged.

Summary

PLA'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 token in the short-term. Click Here to get the full Report on Plair (PLA).