ProxyNode receives a strong long-term technical rating of 99 from InvestorsObserverresearch based on historical trading patterns. The proprietary scoring system assesses price movement over the past few months to a year, analyzes the coin’s support and resistance levels, and where it sits relative to long-term averages to determine if it is a a strong buy-and-hold investment opportunity. PRX currently holds a long-term technical analysis score above 99% of the cryptos in circulation. This ranking metric is particularly useful for buy-and-hold type investors looking for consistent strong growth when allocating their assets. coins with a high technical score in the long and short term can help indicate assets that have bottomed out, giving investors a chance to “buy the dip”.
The current trading price of $0.000382477 for PRX is $0.0000720 (23.19%) above the coins 100-day moving average of $0.000310481. Meanwhile, PRX is $0.0002498 (-8287837.15%) above its 52-week low of $0.000132720 and -$0.00082056 (-831195.76%) below its 52-week high of $0.001203040. ProxyNode’s current price against the long-term coin average and 52-week highs and lows, gives the crypto a strong long-term technical rating of 99. The price movement and range of PRX suggest that the investors are neutral on the coin right now. . Currently, volume and market cap data is not available for PRX. Lack of available data is usually a sign of either a new coin or token entering the market, or a new one with extremely low volume and value levels that are not picked up by major vendors of data. No recorded volume or market capitalization is generally correlated with highly volatile coins which may not be the best investment choice for the majority of investors. However, those looking for newer cryptos may find coins such as ProxyNode more intriguing.
ProxyNode’s technical analysis over the past year has seen the crypto receive a strong long-term technical score of 99 as its price movement at this time has given traders reason to be neutral on the long-term piece. Click here for the full ProxyNode (PRX) report.
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