Should You Buy Photon (PHO) Sunday?

Sunday, December 05, 2021 07:51 AM | InvestorsObserver Analysts

Photon receives a weak short-term technical score of 23 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. PHO holds a better recent technical analysis than 23% 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 Photon a 23 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Photon!

See Full Report

Trading Analysis

Photon is $0.00 (116.11%) higher than its 30-day low price of $0.00 while also $0.00 (-61.34%) lower than its high of $0.00 from the past month of trading. Meanwhile, PHO's current price of $0.00 is under than its average price of $0.00 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Photon suggest that traders are currently bearish on the coin. Photon's market cap of $135,886.02 is relatively low for a coin. Photon'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. Meanwhile, PHO's average volume is low with $0.52 worth of the coin traded over an average 24 hour period. PHO'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 last 24 hours, PHO's volume is below its usual with $0.08 exchanged.

Summary

PHO'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 Photon (PHO).