What do the Short-Term Technicals Predict for PonziCoin (PONZI) Wednesday?

Wednesday, January 12, 2022 10:28 AM | InvestorsObserver Analysts

InvestorsObserver gives PonziCoin a weak short-term technical score of 10 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. PONZI has currently traded better than 10% of coins 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 PonziCoin a 10 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on PonziCoin!

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Trading Analysis

PONZI is currently $0.000040 (3.12%) above its 30-day low of $0.001275966 and -$0.001220 (-48.12%) below its 30-day high of $0.00253624. Additionally, PONZI is under its average price of $0.001979702 over the past month of trading with its current price of $0.001315803. Overall, the recent trading history of PonziCoin suggest that traders are currently bearish on the coin. PonziCoin's market cap of $1,133.04 is relatively low for a coin. PonziCoin'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. Meanwhile, PONZI's average volume is low with $1,053.02 worth of the coin traded over an average 24 hour period. PONZI'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 last 24 hours, PONZI's volume is below its usual with $137.40 exchanged.

Summary

PonziCoin'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 coin's short-term movement. Click Here to get the full Report on PonziCoin (PONZI).