Should You Buy PotCoin (POT) Saturday?

Saturday, January 28, 2023 01:07 PM | InvestorsObserver Analysts

PotCoin receives a weak short-term technical ranking of 5 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. POT has a superior recent technical analysis than 5% of coins 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 PotCoin a 5 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on PotCoin!

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Trading Analysis

POT is currently $0.001146 (99.20%) above its 30-day low of $0.001155585 and -$0.002181 (-48.65%) below its 30-day high of $0.00448251. Additionally, POT is under its average price of $0.002590860 over the past month of trading with its current price of $0.002301927. Overall, the recent trading history of PotCoin suggest that traders are currently bearish on the coin. PotCoin's market cap of $524,280.47 is relatively low for a coin. PotCoin'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, POT's average volume is low with $98,327.04 worth of the coin traded over an average 24 hour period. POT'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, POT's volume is below its usual with $14,919.06 exchanged.

Summary

POT'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 PotCoin (POT).