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Should You Sell Phantomx (PNX) Saturday?

Saturday, July 23, 2022 08:48 AM | InvestorsObserver Analysts
Should You Sell Phantomx (PNX) Saturday?

Phantomx receives a weak long-term technical score of 5 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, PNX holds a superior long-term technical analysis score than 5% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

Long-Term Technical - 5
InvestorsObserver is giving Phantomx a 5 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Phantomx!

Trading Analysis

Phantomx's price is -$0.0001625 (-42.12%) below its 100-day moving average price of $0.000385809 as its price at the moment sits at $0.000223323. Additionally, PNX is $0.0000826 (-7816341.23%) higher than its 52-week low price of $0.000140728 while -$0.01055532 (-92774.02%) under its 52-week high of $0.010778639. The current trading price in relation to its long-term average along with its 52-week high and low, gives PNX an average long-term technical score of 5. Long-term trading movement of Phantomx suggest that investors are bearish on the coin at the moment. Phantomx has a total market value of $10,830.19 with an low average daily volume of $0.99 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, PNX's volume is below its average with $0.14 exchanged in total.

Summary

Trading patterns over the last year for Phantomx leads to the coin's a weak long-term technical score of 5 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on Phantomx (PNX).

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