What do the Long-Term Technicals Predict for Phore (PHR) Friday?

Friday, September 22, 2023 07:36 PM | InvestorsObserver Analysts

InvestorsObserver gives Phore a weak long-term technical score of 4 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. PHR at this time has a superior long-term technical analysis score than 4% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Phore a 4 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Phore!

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Trading Analysis

Phore's price is -$0.0013708 (-36.43%) below its 100-day moving average price of $0.003763193 as its price at the moment sits at $0.002392410. Additionally, PHR is $0.0021667 (-4871785.09%) higher than its 52-week low price of $0.000225741 while -$0.00959289 (-83415.61%) under its 52-week high of $0.011985296. The current trading price in relation to its long-term average along with its 52-week high and low, gives PHR an average long-term technical score of 4. Long-term trading movement of Phore suggest that investors are bearish on the coin at the moment. Phore currently has a total market cap of $73,054.39 to go along with its average daily volume of $0.00 worth of the currency over the past seven days. PHR's volume is below its seven day average as of the past 24 hours, with 0.00 exchanged in that period.

Summary

Technical analysis of Phore over the past year results in the crypto receiving a a weak long-term technical score of 4 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 Phore (PHR).