What does the short-term technical data for PowerTrade Fuel (PTF) Saturday predict?

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Saturday July 16, 2022 2:58 PM | InvestorsObservers Analysts

PowerTrade Fuel receives a strong short-term technical rating of 83 from InvestorsObserver analysis. Our proprietary rating system takes into account the token’s recent trading trends by looking at price movement to determine if it is moving in the right direction. PTF holds better recent technical analysis than 83% of the tokens at its current price. Investors who focus on short-term growth and are looking for hot and trendy coins will find the short-term ranking particularly relevant when allocating their assets.

Short Term Technique - 83
InvestorsObserver gives PowerTrade Fuel a short-term technical rating of 83. Find out what this means for you and get the rest of the rating on PowerTrade Fuel!

Business analysis

PowerTrade Fuel is $0.017410 (79.14%) higher than its 30-day low of $0.021999322, while also being -$0.055519 (-58.49%) lower than its maximum of 0.09492814 USD from the previous trading month. Meanwhile, PTF’s current price of $0.039409412 is above its average price of $0.031463237 set over the last month of trading, leading to a strong near-term technical score. In summary, PowerTrade Fuel’s recent trading history suggests that traders are currently bullish on the token. PTF has a low market cap compared to the majority of tokens with a total market value of $918,695.90. The relatively low market value of PowerTrade Fuel is below $100 million, while the top 100 cryptos remain above $1 billion in market capitalization and the top 500 sits above $100 million. PowerTrade Fuel’s average volume is low, as $681,299.28 worth of the token is typically traded over a 24-hour period. PTF volume is relatively low, as the top 100 most traded cryptos typically have $100 million traded daily and smaller cryptos tend to be less than $5 million traded in 24 hours. In the past 24 hours, PTF volume is below its average with $97,151.71 traded. PowerTrade Fuel Subclass Derivatives: Derivatives are financial contracts or tools that derive value from an underlying asset. Derivatives can be used to hedge against volatility and price fluctuations or can be a tool for investors to speculate on the future price of the underlying asset. The most popular derivatives in the crypto market are futures, options, and perpetual contracts.

Summary

PTF’s recent trades over the past month give it a strong short-term technical score, as its recent price movement gives traders reason to be more bullish on the token in the near term. Click here for the full report on PowerTrade Fuel (PTF).

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