In this Acent technical analysis, we will examine the current price action, trading volume, key levels and indicators for ACE-USDT. Acent (ACE) is a decentralized platform that utilizes blockchain technology to provide users with secure and transparent financial services. With its innovative features and user-friendly interface, Acent aims to bridge the gap between traditional finance and the digital asset market. By leveraging the power of smart contracts and decentralized governance, Acent empowers individuals and businesses alike to take control of their financial futures.
Acent Price Overview:
As of May 14, 2024, Acent is trading at approximately 4.739 USDT. Let’s dive into the detailed price action for ACE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 4.862 |
| High (H) | 4.896 |
| Low (L) | 4.635 |
| Close (C) | 4.739 |
| Volume (C) | 665,865.60 |
- Open (O): The opening price for today’s trading session was approximately 4.862 USDT.
- High (H): Acent reached a daily high of around 4.896 USDT.
- Low (L): The daily low for ACE-USDT was approximately 4.635 USDT.
- Close (C): At the time of analysis, Acent is trading near its daily close of 4.739 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.59% |
| 3D Change (%) | -7.04% |
| 7D Change (%) | -3.25% |
| 30D Change (%) | -12.61% |
| 90D Change (%) | -55.86% |
| YTD Change (%) | -49.21% |
Over the past three days, ACEUSDT has decreased by approximately -7.04%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -3.25%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ACEUSDT maintaining a downward trend of approximately -12.61%, despite intermittent fluctuations. Examining the last 90 days, ACEUSDT has witnessed substantial decline of approximately -55.86%, reflecting strong long-term confidence. Year-to-date, ACEUSDT has steadily depreciated by around -49.21%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Acent Live Chart:
You can access a live price chart for ACE-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 0.70835.
- Momentum score is -0.20232.
ACE USDT Technical Analysis
Acent Trading Volume:
The trading volume for Acent (ACE) over the past 24 hours has been insignificant, with approximately 665,865.60 USDT traded against ACE. 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): ACE is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Acent is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ACE-USDT is currently in the low zone, around 37.66476. This suggests that Acent is in bearish territory.
Analysis from TradingView:Our Key Takeaways:
Acent (ACE-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.
Unveil potential setbacks for Acent (ACEUSDT) at 4.74 USDT through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.
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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.