In this Aergo technical analysis, we will examine the current price action, trading volume, key levels and indicators for AERGO-BTC. Sure, here are three sentences about Aergo (AERGO) cryptocurrency: Aergo is a decentralized platform that enables the development of scalable and interoperable blockchain applications. With its novel consensus algorithm and modular architecture, Aergo provides a high-performance and secure environment for building next-generation decentralized applications. By leveraging Aergo’s advanced features and tools, developers can create innovative use cases that were previously impossible with traditional blockchain technologies.
Aergo Price Overview:
As of October 03, 2023, Aergo is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for AERGO-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 438,602.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Aergo reached a daily high of around 0.0 BTC.
- Low (L): The daily low for AERGO-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Aergo is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.80% |
| 3D Change (%) | -1.31% |
| 7D Change (%) | -1.82% |
| 30D Change (%) | 8.65% |
| 90D Change (%) | 8.65% |
| YTD Change (%) | -29.80% |
Over the past three days, AERGOBTC has declined by approximately -1.31%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -1.82%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with AERGOBTC maintaining an upward trend of approximately 8.65%, despite intermittent fluctuations. Examining the last 90 days, AERGOBTC has witnessed substantial increase of approximately 8.65%, reflecting strong long-term confidence. Year-to-date, AERGOBTC has steadily dropped by around -29.80%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Aergo Live Chart:
You can access a live price chart for AERGO-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 0.2959.
- Momentum score is 0.08646.
AERGO BTC Technical Analysis
Aergo Trading Volume:
The trading volume for Aergo (AERGO) over the past 24 hours has been significant, with approximately 438,602.00 BTC traded against AERGO. 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): AERGO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Aergo is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for AERGO-BTC is currently in the neutral zone, around 53.66272. This suggests that Aergo is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Aergo (AERGO-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 neutral RSI and significant trading volume are neutral signals for potential sideways 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.
