- In the last 1 year, PAAL token has given humongous returns.
- The market cap dominance of the token is very low (0.01%).
On the technical chart, PAAL AI displayed bullish price action which might lead the price of the token to higher levels in the upcoming days.
Price Overview Chart of AR | Source: CoinMarketCap
The price of the PAAL AI token is highly volatile (12.63%) which shows a higher possibility of uncertain spikes in the price of the token.
The fear and greed index of the token is at 60 showing greed among the investors. The sentiment of the token further is neutral. 81% of the maximum supply of the token is circulating in the market.
Also, the maximum supply and the total supply of the token are the same resulting in 1.0 Billion PAAL. This further is followed by a fully diluted market cap of $322.193 Million
The market cap of the PAAL AI token has advanced by 8.7% in the last 24 hours resulting in a market cap value of $263.833 Million. Following this, the trading volume of the token also witnessed an advance of 60%.
Traded volume for the token in the last 24 hours is $7.937 Million and the volume/market cap ratio is 3.17%. This shows lower liquidity in the token price which might create a dilemma while buying or selling the token.
PAAL AI Token Holders Overview
The largest holder of the PAAL AI token has 296.251 Million PAAL which is 29.63% of the total supply of the token.
Token Holders Of PAAL AI | Source: Coincarp
The top 10 holders of PAAL AI token have 58.84% of the supply and the token has a total of 50.8K holding addresses. Also, the large holders concentration of the token is 70% and a majority of the holders have been holding the token for less than one year.
Additionally, at press time, 35% of the holders of the token are in profit while 58% of the holders are in loss.
Chart View
PAAL has broken out above a descending triangle pattern with strong momentum. This shows buyers dominance in the token price.
PAAL Token Daily Price Chart | Source: Tradingview
PAAL token formed a swing high of $0.8818 on March 10th 2024 and the price of the token started to witness profit booking. This led to a decline of 75% in the trading price of the token in four months.
Also, the following behavior of the PAAL token price formed a descending triangle pattern on the chart. At press time the price of the token has broken above the pattern followed by a consistent surge in trading price over the last few days.
The following behavior of the price shows a higher possibility of further advances in the price of the token.Â
PAAL/USD Chart by TradingView
Although the 50-day and the 200-day EMAs are trading in a death cross, the price of the PAAL token has broken above the following EMAs which shows strength in the price of the token.
The MACD and the signal line are trading in a golden cross but both the metrics still trade in the negative territory. This shows a neutral trend in the price of the token.
The RSI has advanced to the level of 65 from the oversold zones which shows a rise in the momentum of the crypto. The PAAL token shows strong bullish momentum after breaking above a descending triangle pattern.
With rising trading volume, improved market cap, and positive technical indicators like a higher RSI and a golden cross on the MACD, the token is poised for further gains. Investor sentiment also leans towards greed, indicating strong buying interest.
The support levels for the PAAL token price are $0.10 and $0.250 followed by the resistance levels of $0.540 and $0.870.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.
 which shows a higher possibility of uncertain spikes in the price of the token.){kind=link}