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 finance (DeFi) platform that utilizes blockchain technology to provide financial services such as lending, borrowing, and trading. The platform’s native cryptocurrency, ACA, serves as the primary medium of exchange for these services and can be used to earn interest on deposits or as collateral for loans. With its focus on security, scalability, and user experience, Acala aims to provide a robust and accessible financial platform for individuals and institutions alike.
Acala Price Overview:
As of July 07, 2024, Acala is trading at approximately 0.0569 USDT. Let’s dive into the detailed price action for ACA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0596 |
| High (H) | 0.0597 |
| Low (L) | 0.0562 |
| Close (C) | 0.0569 |
| Volume (C) | 9,099,150.97 |
- Open (O): The opening price for today’s trading session was approximately 0.0596 USDT.
- High (H): Acala reached a daily high of around 0.0597 USDT.
- Low (L): The daily low for ACA-USDT was approximately 0.0562 USDT.
- Close (C): At the time of analysis, Acala is trading near its daily close of 0.0569 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.53% |
| 3D Change (%) | -1.56% |
| 7D Change (%) | -18.83% |
| 30D Change (%) | -41.94% |
| 90D Change (%) | -66.21% |
| YTD Change (%) | -43.44% |
Over the past three days, ACAUSDT has decreased by approximately -1.56%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -18.83%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ACAUSDT maintaining a downward trend of approximately -41.94%, despite intermittent fluctuations. Examining the last 90 days, ACAUSDT has witnessed substantial fall of approximately -66.21%, reflecting strong long-term confidence. Year-to-date, ACAUSDT has steadily decreased by around -43.44%, 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 0.7433.
- Momentum score is -0.3027.
ACA USDT Technical Analysis
Acala Trading Volume:
The trading volume for Acala (ACA) over the past 24 hours has been insignificant, with approximately 9,099,150.97 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 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-USDT is currently in the low zone, around 35.06159. This suggests that Acala is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Acala (ACA-USDT) is currently exhibiting signs of short-term bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Envision bearish outlook for Acala (ACAUSDT) at 6.91e-02 USDT with weakened support and cautionary indicators, revealed in technical analysis.
Don’t skip our thorough exploration of ACA BTC Acala Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.
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.