What do the Short-Term Technicals Predict for PayPie (PPP) Monday?

Monday, June 27, 2022 04:40 PM | InvestorsObserver Analysts

PayPie receives a weak short-term technical score of 1 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. PPP holds a better recent technical analysis than 1% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving PayPie a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on PayPie!

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Trading Analysis

PayPie is $0.000055 (1.32%) above its 30-day low of $0.004133112 while -$0.008712 (-67.54%) below its 30-day high of $0.01289995. In addition, PPP's current price of $0.004187821 is under its 30-day moving average price of $0.010000360, leading to a weak short-term technical score. Overall the recent trading history of PayPie suggest that investors are bearish on the token at the moment. PPP has a relatively low market cap for a token with a total market value of $345,495.21. PayPie'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. PayPie's average volume meanwhile is low with $486.85 worth of the token traded over a typical 24 hour period. PPP'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, PPP's volume is below its average with $73.84 exchanged. PayPie's subclass Smart Contracts: A computer program designed to automatically execute when predetermined conditions are satisfied. Typically used to execute transactions quickly and automatically, with terms written directly into lines of code.

Summary

PayPie's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on PayPie (PPP).