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Does the POA (POA) network trend lower or higher on Sunday?

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Sunday, June 19, 2022 8:11 a.m. | InvestorsObservers Analysts

POA Network receives a short-term average technical rating of 33 from InvestorsObserver data analysis. The proprietary ranking system focuses on recent trade trends over the past month to determine the strength of its short-term techniques. POA has recent technical analysis above 33% of coins based on these trading metrics. Investors primarily focused on short-term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short Term Technique - 33
InvestorsObserver gives POA Network a 33 technical rank in the short term. Find out what this means to you and get the rest of the POA Network leaderboard!

Business analysis

POA Network is $0.014680 (330.42%) higher than its 30-day low of $0.004442847, while also being -$0.035306 (-64.87%) lower than its maximum of 0.05442957 USD from the previous trading month. Meanwhile, POA’s current price of $0.019123111 is below its average price of $0.041551918 set over the last trading month, leading to a short-term average technical score. In summary, POA Network’s recent trading history suggests that traders are currently neutral on the coin. POA has a relatively medium market cap for a coin with a total market value of $5,640,648.59. The market valuation of POA Network is relatively average due to the top 100 cryptos having a market cap above $1 billion and POA sits below that mark but still above $100 million in market cap. POA Network’s average volume meanwhile is average with $18.96 of the coin being traded over a typical 24-hour period. POA volume is relatively average, as the top 100 cryptos have around $100 million worth of crypto traded in a 24-hour period, and much of the market trades at least $5 million daily. Over the past 24 hours, POA volume is below its average with $2.58 traded. Distributed software platform subclass of POA Network: A platform is a decentralized infrastructure designed for a specific purpose. These can take the form of exchanges for cryptocurrency trading, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing, and big data collection, among others.

Summary

POA Network trading over the past 30 days results in a short-term average technical score due to recent price movement suggesting more neutral signals for traders on the coin in the near future. Click here for the full POA Network (POA) report.

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