In this Acala technical analysis, we will examine the current price action, trading volume, key levels and indicators for ACA-BTC. Acala is a decentralized finance (DeFi) platform that aims to provide institutional-grade infrastructure for the next generation of DeFi applications. Through its Acala blockchain, the platform offers fast and secure transactions, as well as a range of tools and services designed to support the development of DeFi applications. With its focus on scalability, security, and interoperability, Acala is positioning itself as a leading player in the rapidly growing DeFi market.
Acala Price Overview:
As of October 02, 2023, Acala is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for ACA-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 12,572,888.39 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Acala reached a daily high of around 0.0 BTC.
- Low (L): The daily low for ACA-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Acala is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 15.73% |
| 3D Change (%) | 13.81% |
| 7D Change (%) | 8.99% |
| 30D Change (%) | 21.18% |
| 90D Change (%) | 10.75% |
| YTD Change (%) | -70.14% |
Over the past three days, ACABTC has increased by approximately 13.81%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 8.99%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ACABTC maintaining an upward trend of approximately 21.18%, despite intermittent fluctuations. Examining the last 90 days, ACABTC has witnessed substantial rise of approximately 10.75%, reflecting strong long-term confidence. Year-to-date, ACABTC has steadily depreciated by around -70.14%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Acala Live Chart:
You can access a live price chart for ACA-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.68339.
- Momentum score is 0.21176.
ACA BTC Technical Analysis
Acala Trading Volume:
The trading volume for Acala (ACA) over the past 24 hours has been significant, with approximately 12,572,888.39 BTC traded against ACA. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ACA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Acala is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ACA-BTC is currently in the high zone, around 56.85373. This suggests that Acala is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Acala (ACA-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the high RSI and significant trading volume are high signals for potential upward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
