PAAL AI USD Cryptocurrency Forecast
PAAL AI USD cryptocurrency price took a fall of -5.38% on Tuesday
(Updated on Jul 02, 2024)
The PAAL AI USD cryptocurrency price fell by -5.38% on the last day (Tuesday, 2nd Jul 2024) from $0.280 to $0.265. During the last trading day the cryptocurrency fluctuated 7.71% from a day low at $0.262 to a day high of $0.282. The price has fallen in 7 of the last 10 days but is still up by 5.66% over the past 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -1 million shares and in total, 3 million shares were bought and sold for approximately $795.13 thousand.
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -38.46% during the next 3 months and, with a 90% probability hold a price between $0.103 and $0.258 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PAALUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The PAAL AI USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.268 and $0.292. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 27.69%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PAAL AI USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.238 and $0.218. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, PAAL AI USD finds support just below today's level at $0.238. If this is broken, then the next support from accumulated volume will be at $0.218 and $0.207.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0202 between high and low, or 7.71%. For the last week the cryptocurrency has had daily average volatility of 8.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PAALUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect PAAL AI USD to open at $0.269, and during the day (based on 14 day Average True Range), to move between $0.233 and $0.296, which gives a possible trading interval of +/-$0.0316 (+/-11.94%) up or down from last closing price. If PAAL AI USD takes out the full calculated possible swing range there will be an estimated 23.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.277 (4.66%) than the support at $0.238 (10.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is PAAL AI USD cryptocurrency A Buy?
PAAL AI USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.166 Sell Candidate Downgraded
Predicted Opening Price for PAAL AI USD of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.269 ( 1.74%) | $0.265 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAALUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.289 | 9.35% |
| R2 | 0.282 | 6.45% |
| R1 | 0.277 | 4.65% |
| Price | 0.265 | |
| S1 | 0.262 | -1.17% |
| S2 | 0.257 | -2.97% |
| S3 | 0.249 | -5.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.318 | 19.99% |
| R2 | 0.311 | 17.50% |
| R1 | 0.277 | 4.66% |
| Price | 0.265 | |
| S1 | 0.238 | -10.17% |
| S2 | 0.218 | -17.82% |
| S3 | 0.207 | -21.68% |
FAQ
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