PNT USDT pNetwork Technical Analysis

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By Frans van Elst

pNetwork logo In this pNetwork technical analysis, we will examine the current price action, trading volume, key levels and indicators for PNT-USDT. pNetwork (PNT) is a decentralized network that enables interoperability between different blockchain ecosystems. By leveraging a novel consensus algorithm called Proof of Authority (PoA), pNetwork allows for fast and secure transactions between diverse blockchain networks. With its focus on interoperability, pNetwork aims to create a more unified and accessible blockchain landscape for users and developers alike.

pNetwork Price Overview:

As of May 08, 2024, pNetwork is trading at approximately 0.035 USDT. Let’s dive into the detailed price action for PNT-USDT:

Navigate challenges in realm of pNetwork (PNTUSDT) at 3.50e-02 USDT with technical analysis pointing to bearish outlook and potential downturns.

Metric Value
Open (O) 0.0294
High (H) 0.035
Low (L) 0.0215
Close (C) 0.035
Volume (C) 19,240,631.00
  • Open (O): The opening price for today’s trading session was approximately 0.0294 USDT.
  • High (H): pNetwork reached a daily high of around 0.035 USDT.
  • Low (L): The daily low for PNT-USDT was approximately 0.0215 USDT.
  • Close (C): At the time of analysis, pNetwork is trading near its daily close of 0.035 USDT.
Metric Value
1D Change (%) 19.05%
3D Change (%) -30.69%
7D Change (%) -33.46%
30D Change (%) -82.64%
90D Change (%) -81.99%
YTD Change (%) -82.45%

Over the past three days, PNTUSDT has dropped by approximately -30.69%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -33.46%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PNTUSDT maintaining a downward trend of approximately -82.64%, despite intermittent fluctuations. Examining the last 90 days, PNTUSDT has witnessed substantial decrease of approximately -81.99%, reflecting strong long-term confidence. Year-to-date, PNTUSDT has steadily declined by around -82.45%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

pNetwork Live Chart:

You can access a live price chart for PNT-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 3.22571.
  • Momentum score is -0.84729.

PNT USDT Technical Analysis

pNetwork Trading Volume:

The trading volume for pNetwork (PNT) over the past 24 hours has been insignificant, with approximately 19,240,631.00 USDT traded against PNT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): PNT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): pNetwork is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for PNT-USDT is currently in the low zone, around 31.88544. This suggests that pNetwork is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

pNetwork (PNT-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Navigate challenges in realm of pNetwork (PNTUSDT) at 3.50e-02 USDT with technical analysis pointing to bearish outlook and potential downturns.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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