What do the Short-Term Technicals Predict for BitGuild PLAT (PLAT) Thursday?

Thursday, April 28, 2022 11:15 AM | InvestorsObserver Analysts

InvestorsObserver gives BitGuild PLAT a strong short-term technical score of 80 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. PLAT has currently traded better than 80% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving BitGuild PLAT a 80 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BitGuild PLAT!

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Trading Analysis

PLAT is currently $0.000001 (0.09%) above its 30-day low of $0.000905395 and -$0.000001 (-0.12%) below its 30-day high of $0.00090731. Additionally, PLAT is above its average price of $0.000906092 over the past month of trading with its current price of $0.000906251. Overall, the recent trading history of BitGuild PLAT suggest that traders are currently bullish on the token. PLAT has a low market cap compared to the majority of tokens with a total market value of $53,982.54. BitGuild PLAT'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. BitGuild PLAT's average volume is low as $87,068.02 worth of the token is typically traded over a 24 hour period. PLAT'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 past 24 hours PLAT's volume is below its average with $13,585.12 exchanged. BitGuild PLAT's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

BitGuild PLAT's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on BitGuild PLAT (PLAT).