Plasma Finance (PPAY): How Does the Chart Look Saturday?

Saturday, January 08, 2022 05:45 PM | InvestorsObserver Analysts

Plasma Finance receives a weak short-term technical ranking of 12 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. PPAY has a superior recent technical analysis than 12% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Plasma Finance a 12 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Plasma Finance!

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Trading Analysis

Plasma Finance is $0.003126 (7.37%) higher than its 30-day low price of $0.042421039 while also -$0.085039 (-65.12%) lower than its high of $0.13058607 from the past month of trading. Meanwhile, PPAY's current price of $0.045547025 is under its average price of $0.078238471 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Plasma Finance suggest that traders are currently bearish on the token. PPAY has a average market cap compared to the majority of tokens with a total market value of $5,607,581.05. The market valuation for Plasma Finance is relatively average due to the largest 100 cryptos having a market cap above $1 billion and PPAY sits underneath that mark but remains above $100 million in market capilization. Plasma Finance's average volume is average as $7,310,928.25 worth of the token is typically traded over a 24 hour period. The volume for PPAY 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. Over the past 24 hours PPAY's volume is below its average with $997,409.08 exchanged. Plasma Finance's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Plasma Finance'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 Plasma Finance (PPAY).