Should You Buy Penta (PNT) Friday?

Friday, February 04, 2022 08:01 AM | InvestorsObserver Analysts

Penta receives a strong short-term technical score of 71 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. PNT holds a better recent technical analysis than 71% of tokens 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 Penta a 71 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Penta!

See Full Report

Trading Analysis

PNT is currently $0.000002 (42.32%) above its 30-day low of $0.000004748 and -$0.000006 (-47.95%) below its 30-day high of $0.00001298. Additionally, PNT is under its average price of $0.000008735 over the past month of trading with its current price of $0.000006758. Overall, the recent trading history of Penta suggest that traders are currently bullish on the token. PNT has a relatively low market cap for a token with a total market value of $142,014.67. Penta'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. Penta's average volume meanwhile is low with $541.33 worth of the token traded over a typical 24 hour period. PNT'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. As of the past 24 hours, PNT's volume is below its average with $80.53 exchanged.

Summary

Penta's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Penta (PNT).