Should You Buy Polinate (POLI) Saturday?

Saturday, May 20, 2023 11:03 AM | InvestorsObserver Analysts

InvestorsObserver gives Polinate a strong short-term technical score of 98 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. POLI has currently traded better than 98% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Polinate a 98 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Polinate!

See Full Report

Trading Analysis

Polinate is $0.000608 (393.09%) higher than its 30-day low price of $0.000154735 while also -$0.000784 (-50.68%) lower than its high of $0.00154695 from the past month of trading. Meanwhile, POLI's current price of $0.000762983 is above its average price of $0.000498660 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Polinate suggest that traders are currently bullish on the token. POLI has a relatively low market cap for a token with a total market value of $117,723.88. Polinate'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. Polinate's average volume meanwhile is low with $48,415.29 worth of the token traded over a typical 24 hour period. POLI'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, POLI's volume is below its average with $6,856.66 exchanged. Polinate'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

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