$0.2095
Time period | Change amount | % Change |
---|---|---|
1H | $-- | -0.39% |
24H | $-- | +1.07% |
7D | $+0.01000 | +2.92% |
30D | $+0.08000 | +57.52% |
1Y | $-0.9700 | -82.31% |
39.19
Reliability Score
Rank #1
# 10613
Percentile
BTM 15%
Petroleum OIL price today is $0.2095 with a 24-hour trading volume of $1.92, and as such Petroleum OIL has a market cap of $--, giving it a market dominance of %. The Petroleum OIL price moved 1.07% in the last 24 hours.
Petroleum OIL reached its highest price on 2022-12-22 when it was trading at its all-time high of $10.4, while its lowest price was recorded on 2023-12-02 when it was trading at its all-time low of $0.08047. The current lowest price since the last cycle high was $0.08047, and the highest price since the last cycle low was $10.4. The social sentiment of Petroleum OIL is currently Positive.
The current circulating supply of Petroleum OIL is $-- OIL. In terms of market cap, Petroleum OIL is currently ranked 9703.
There are two schools of thought in determining the price of Petroleum OIL.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Petroleum OIL, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Petroleum OIL from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Petroleum OIL on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Petroleum OIL as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Petroleum OIL and the cryptocurrency market as a whole.
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