ACA USDT Acala Technical Analysis

Acala logo In this Acala technical analysis, we will examine the current price action, trading volume, key levels and indicators for ACA-USDT. Acala (ACA) is a decentralized cryptocurrency that utilizes proof-of-stake consensus and has a unique governance system, allowing holders to vote on proposals for the development and growth of the platform. Acala’s focus on community involvement and sustainable growth sets it apart from other cryptocurrencies in the market. With its innovative features and strong developer support, Acala is poised to make a significant impact in the blockchain industry.

Acala Price Overview:

As of October 02, 2023, Acala is trading at approximately 0.0574 USDT. Let’s dive into the detailed price action for ACA-USDT:

Metric Value
Open (O) 0.0495
High (H) 0.063
Low (L) 0.049
Close (C) 0.0574
Volume (C) 205,725,356.25
  • Open (O): The opening price for today’s trading session was approximately 0.0495 USDT.
  • High (H): Acala reached a daily high of around 0.063 USDT.
  • Low (L): The daily low for ACA-USDT was approximately 0.049 USDT.
  • Close (C): At the time of analysis, Acala is trading near its daily close of 0.0574 USDT.
Metric Value
1D Change (%) 15.96%
3D Change (%) 17.14%
7D Change (%) 15.96%
30D Change (%) 30.75%
90D Change (%) 0.70%
YTD Change (%) -49.78%

Over the past three days, ACAUSDT has increased by approximately 17.14%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 15.96%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ACAUSDT maintaining an upward trend of approximately 30.75%, despite intermittent fluctuations. Examining the last 90 days, ACAUSDT has witnessed substantial rise of approximately 0.70%, reflecting strong long-term confidence. Year-to-date, ACAUSDT has steadily dropped by around -49.78%, 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-USDT 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 0.76399.
  • Momentum score is 0.30752.

ACA USDT Technical Analysis

Acala Trading Volume:

The trading volume for Acala (ACA) over the past 24 hours has been significant, with approximately 205,725,356.25 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Acala is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for ACA-USDT is currently in the high zone, around 57.35663. This suggests that Acala is in bullish territory.

Analysis from TradingView:

Our Key Takeaways:

Acala (ACA-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT 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.