POA Network (POA): How Does it Rank Saturday on Long-Term Trading Metrics?

Saturday, January 08, 2022 06:41 PM | InvestorsObserver Analysts

POA Network receives a weak long-term technical score of 1 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. POA currently holds a superior long-term technical analysis score than 1% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving POA Network a 1 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on POA Network!

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Trading Analysis

The current trading price of $0.005428277 for POA is -$0.2448778 (-97.83%) below the coins 100-day moving average of $0.250306094. POA meanwhile is $0.8146908 (1358.59%) above its 52-week low of $-0.809262514 and -$1.69956521 (-586.19%) under its 52-week high price of $1.704993486. POA Network's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 1. The price movement and range of POA suggest that investors are bearish on the coin at this time. POA Network currently has a total market cap of $1,601,151.72 to go along with its average daily volume of $2,105.93 worth of the currency over the past seven days. POA's volume is below its seven day average as of the past 24 hours, with 330.88 exchanged in that period. This coin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

Trading patterns over the last year for POA Network leads to the coin's a weak long-term technical score of 1 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on POA Network (POA).