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Should You Sell POA Network (POA) Friday?

Friday, December 24, 2021 04:17 PM | InvestorsObserver Analysts
Should You Sell POA Network (POA) Friday?

POA Network receives a weak long-term technical score of 21 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. POA currently holds a superior long-term technical analysis score than 21% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 21
InvestorsObserver is giving POA Network a 21 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on POA Network!

Trading Analysis

POA is currently $0.0400000 (19.65%) above its 100-day moving average price of $0.220000000 with its current price of $0.270000000. Meanwhile, POA Network is $1.0800000 (1326.09%) above its 52-week low price of $-0.810000000 and -$1.44000000 (-570.77%) below its 52-week high of $1.700000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 21. Trends for the long-term trading history of POA Network suggest that traders are currently bearish on the coin. POA Network currently has a total market cap of $79,183,787.53 to go along with its average daily volume of $254.30 worth of the currency over the past seven days. POA's volume is below its seven day average as of the past 24 hours, with 62.50 exchanged in that period. This coin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

Technical analysis of POA Network over the past year results in the crypto receiving a a weak long-term technical score of 21 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on POA Network (POA).

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