PAAL AI USD Cryptocurrency Forecast
On Friday, PAAL AI USD cryptocurrency price gained an impressive 5.16%
(Updated on Apr 26, 2024)
The PAAL AI USD cryptocurrency price gained 5.16% on the last trading day (Friday, 26th Apr 2024), rising from $0.305 to $0.321. During the last trading day the cryptocurrency fluctuated 6.12% from a day low at $0.303 to a day high of $0.321. The price has fallen in 6 of the last 10 days and is down by -18.27% for this period. Volume fell on the last day by -2 million shares and in total, 6 million shares were bought and sold for approximately $1.83 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.309 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 51.16% during the next 3 months and, with a 90% probability hold a price between $0.468 and $1.51 at the end of this 3-month period.
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PAALUSD Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The cryptocurrency should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $0.344 and $0.517. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -60.61%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PAAL AI USD cryptocurrency
PAAL AI USD finds support from accumulated volume at $0.318 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0185 between high and low, or 6.12%. For the last week, the cryptocurrency has had daily average volatility of 14.40%.
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 Saturday 27th
For the upcoming trading day on Saturday, 27th we expect PAAL AI USD to open at $0.315, and during the day (based on 14 day Average True Range), to move between $0.257 and $0.386, which gives a possible trading interval of +/-$0.0643 (+/-20.03%) up or down from last closing price. If PAAL AI USD takes out the full calculated possible swing range there will be an estimated 40.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.318 (1.13%) than the resistance at $0.364 (13.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PAAL AI USD cryptocurrency A Buy?
The PAAL AI USD cryptocurrency holds several negative signals and despite the positive trend, we believe PAAL AI USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.805 Sell Candidate Upgraded
Predicted Opening Price for PAAL AI USD of Saturday, April 27, 2024
| Fair opening price April 27, 2024 | Current price |
|---|---|
| $0.315 ( 1.92%) | $0.321 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.334 | 3.84 % | |
| R2 | 0.327 | 1.64 % | ||
| R1 | 0.322 | 0.281 % | ||
| Current price: | 0.321 | |||
| Support | S1 | 0.308 | -4.12 % | |
| S2 | 0.304 | -5.48 % | ||
| S3 | 0.297 | -7.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.397 | 23.53 % | |
| R2 | 0.393 | 22.35 % | ||
| R1 | 0.364 | 13.44 % | ||
| Current price | 0.321 | |||
| Support | S1 | 0.318 | -1.13% | |
| S2 | 0.311 | -3.19% | ||
| S3 | 0.305 | -4.91% |
FAQ
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