What do the Short-Term Technicals Predict for PRIZM (PZM) Sunday?

Sunday, August 14, 2022 03:33 PM | InvestorsObserver Analysts

PRIZM receives a strong short-term technical score of 93 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. PZM holds a better recent technical analysis than 93% of coins 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 PRIZM a 93 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on PRIZM!

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Trading Analysis

PRIZM is $0.001225 (94.61%) above its 30-day low of $0.001294474 while -$0.000012 (-0.45%) below its 30-day high of $0.00253071. In addition, PZM's current price of $0.002519202 is above its 30-day moving average price of $0.001811196, leading to a strong short-term technical score. Overall the recent trading history of PRIZM suggest that investors are bullish on the coin at the moment. PZM has a average market cap compared to the majority of coins with a total market value of $7,808,487.17. The market valuation for PRIZM is relatively average due to the largest 100 cryptos having a market cap above $1 billion and PZM sits underneath that mark but remains above $100 million in market capilization. PRIZM's average volume is average as $231,793.72 worth of the coin is typically traded over a 24 hour period. The volume for PZM is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours PZM's volume is below its average with $55,947.63 exchanged.

Summary

PZM's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the coin in the short-term. Click Here to get the full Report on PRIZM (PZM).