Portion (PRT) What Does the Chart Say Saturday?

Saturday, February 05, 2022 01:27 PM | InvestorsObserver Analysts

Portion receives a weak short-term technical ranking of 17 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 17% 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 17 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

PRT is currently $0.001045 (14.93%) above its 30-day low of $0.007002312 and -$0.004351 (-35.09%) below its 30-day high of $0.01239890. Additionally, PRT is under its average price of $0.009535481 over the past month of trading with its current price of $0.008047557. Overall, the recent trading history of Portion suggest that traders are currently bearish on the token. PRT has a low market cap compared to the majority of tokens with a total market value of $3,244,129.09. Portion'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. Portion's average volume is low as $27,735.48 worth of the token is typically traded over a 24 hour period. PRT'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 PRT's volume is below its average with $3,910.40 exchanged. 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

PRT's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on Portion (PRT).