Polinate (POLI): How Does the Chart Look Wednesday?

Wednesday, April 26, 2023 01:39 PM | InvestorsObserver Analysts

Polinate receives an average short-term technical ranking of 37 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. POLI has a superior recent technical analysis than 37% 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 Polinate a 37 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Polinate!

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Trading Analysis

Polinate is $0.000397 (225.49%) higher than its 30-day low price of $0.000176045 while also -$0.001100 (-65.75%) lower than its high of $0.00167303 from the past month of trading. Meanwhile, POLI's current price of $0.000573010 is under its average price of $0.000972038 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Polinate suggest that traders are currently neutral on the token. POLI has a low market cap compared to the majority of tokens with a total market value of $88,412.16. Polinate'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. Polinate's average volume is low as $93,062.43 worth of the token is typically traded over a 24 hour period. POLI'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 POLI's volume is below its average with $12,983.60 exchanged. Polinate's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

Polinate's price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the token's short-term movement. Click Here to get the full Report on Polinate (POLI).