Should You Buy PumaPay (PMA) Friday?

Friday, March 24, 2023 12:05 PM | InvestorsObserver Analysts

PumaPay receives a strong short-term technical ranking of 71 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. PMA has a superior recent technical analysis than 71% of tokens 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 PumaPay a 71 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on PumaPay!

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Trading Analysis

PumaPay is $0.000003 (27.53%) higher than its 30-day low price of $0.000011931 while also -$0.000134 (-89.82%) lower than its high of $0.00014942 from the past month of trading. Meanwhile, PMA's current price of $0.000015215 is above its average price of $0.000014897 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of PumaPay suggest that traders are currently bullish on the token. PMA has a relatively low market cap for a token with a total market value of $482,812.23. PumaPay'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. PumaPay's average volume meanwhile is low with $893.80 worth of the token traded over a typical 24 hour period. PMA'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, PMA's volume is below its average with $120.32 exchanged.

Summary

PMA'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 PumaPay (PMA).