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PLATINCOIN (PLC) What Does the Chart Say Friday?

Friday, March 01, 2024 07:20 AM | InvestorsObserver Analysts
PLATINCOIN (PLC) What Does the Chart Say Friday?

PLATINCOIN receives a weak short-term technical ranking of 16 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. PLC has a superior recent technical analysis than 16% of coins 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.

Short-Term Technical - 16
InvestorsObserver is giving PLATINCOIN a 16 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on PLATINCOIN!

Trading Analysis

PLATINCOIN is $0.017590 (175.99%) above its 30-day low of $0.009994548 while -$0.033396 (-54.77%) below its 30-day high of $0.06097998. In addition, PLC's current price of $0.027584225 is under its 30-day moving average price of $0.033241086, leading to a weak short-term technical score. Overall the recent trading history of PLATINCOIN suggest that investors are bearish on the coin at the moment.
PLC has a low market cap compared to the majority of coins with a total market value of $137,950.73. PLATINCOIN'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. PLATINCOIN's average volume is low as $704.79 worth of the coin is typically traded over a 24 hour period. PLC'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 PLC's volume is below its average with $103.71 exchanged. PLATINCOIN's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

PLATINCOIN's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future. Click Here to get the full Report on PLATINCOIN (PLC).

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