PRivaCY Coin (PRCY): Does it Score Poorly on Short-Term Trading Metrics Thursday?

Thursday, December 08, 2022 06:16 PM | InvestorsObserver Analysts

PRivaCY Coin receives a weak short-term technical score of 5 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. PRCY holds a better recent technical analysis than 5% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving PRivaCY Coin a 5 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on PRivaCY Coin!

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Trading Analysis

PRivaCY Coin is $0.000000 (0.00%) above its 30-day low of $0.011960906 while -$0.012521 (-51.14%) below its 30-day high of $0.02448222. In addition, PRCY's current price of $0.011960906 is under its 30-day moving average price of $0.018613905, leading to a weak short-term technical score. Overall the recent trading history of PRivaCY Coin suggest that investors are bearish on the coin at the moment. PRCY has a low market cap compared to the majority of coins with a total market value of $101,419.57. PRivaCY Coin'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. PRivaCY Coin's average volume is low as $150,879.17 worth of the coin is typically traded over a 24 hour period. PRCY'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 PRCY's volume is below its average with $21,740.96 exchanged. PRivaCY 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

PRCY'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 coin in the short-term. Click Here to get the full Report on PRivaCY Coin (PRCY).