Portion (PRT): How Does the Chart Look Saturday?

Saturday, October 01, 2022 09:04 AM | InvestorsObserver Analysts

Portion receives a weak short-term technical ranking of 22 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. PRT has a superior recent technical analysis than 22% 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 Portion a 22 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Portion!

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Trading Analysis

Portion is $0.000317 (38.19%) above its 30-day low of $0.000829789 while -$0.002258 (-66.32%) below its 30-day high of $0.00340433. In addition, PRT's current price of $0.001146674 is under its 30-day moving average price of $0.001392027, leading to a weak short-term technical score. Overall the recent trading history of Portion suggest that investors are bearish on the token at the moment. Currently, volume and market capitalization data for PRT are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find tokens such as Portion extra intriguing. Portion'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

Portion'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 Portion (PRT).