Review on Pillar by Mehdi hazni
PLR price and chart analysis
pillar is a wallet that aims to provide payment services on a variety of systems through its own wallet and its currency is called PLR.
In this review, I want to analyze the price and PLR currency chart.
The highest PLR price is on Jan 13, 2018, and the price was recorded at $ 1.56 on that date, which is about 98% lower than the current price at that time. Of course, it can not be said that this was a collapse and failure because the price experienced only a severe pump and dump.
In the daily chart and btc pair, in my opinion, there is a possibility of forming a head and shoulders pattern, which falls after the price due to the ascending neckline. But even if this pattern is not formed, I give the possibility of raising the price to about 300 Satoshi and then it will be clear that the pattern is formed or the upward trend will continue. I have sent the chart of this analysis by drawing a possible pattern below this review.
The number of Twitter followers of pillar project is about 13,000 people, so it have a relatively high number page's followers and it's good due to the current ranking of 574 in coinmarketcap (Project ratings are not very high, and projects with a rating of 500 in the CMC generally have few followers on social media pages)
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Pros
- The price is likely to see a price increase in the medium term
- The project is presented by a good company with a real idea, so it can be suitable even for long-term investment
Cons
- The price is much lower than all time high
