In this Aergo technical analysis, we will examine the current price action, trading volume, key levels and indicators for AERGO-USDT. Aergo is a decentralized platform that enables the development of scalable and interoperable blockchain applications. Its novel consensus algorithm, called Tangle, allows for faster and more secure transactions, making it an attractive option for businesses and individuals looking to build on blockchain technology. Additionally, Aergo’s modular architecture allows for customization and flexibility in building decentralized applications (dApps) across various industries.
Aergo Price Overview:
As of December 05, 2023, Aergo is trading at approximately 0.1703 USDT. Let’s dive into the detailed price action for AERGO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1745 |
| High (H) | 0.1751 |
| Low (L) | 0.1677 |
| Close (C) | 0.1703 |
| Volume (C) | 8,042,969.00 |
- Open (O): The opening price for today’s trading session was approximately 0.1745 USDT.
- High (H): Aergo reached a daily high of around 0.1751 USDT.
- Low (L): The daily low for AERGO-USDT was approximately 0.1677 USDT.
- Close (C): At the time of analysis, Aergo is trading near its daily close of 0.1703 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.41% |
| 3D Change (%) | -10.37% |
| 7D Change (%) | -2.13% |
| 30D Change (%) | 17.29% |
| 90D Change (%) | 86.73% |
| YTD Change (%) | 35.27% |
Over the past three days, AERGOUSDT has fallen by approximately -10.37%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -2.13%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with AERGOUSDT maintaining an upward trend of approximately 17.29%, despite intermittent fluctuations. Examining the last 90 days, AERGOUSDT has witnessed substantial increase of approximately 86.73%, reflecting strong long-term confidence. Year-to-date, AERGOUSDT has steadily increased by around 35.27%, 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-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 1.5707.
- Momentum score is 0.17287.
AERGO USDT Technical Analysis
Aergo Trading Volume:
The trading volume for Aergo (AERGO) over the past 24 hours has been insignificant, with approximately 8,042,969.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Aergo is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for AERGO-USDT is currently in the high zone, around 55.02423. This suggests that Aergo is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Aergo (AERGO-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 insignificant trading volume are high signals for potential upward movement.
Aergo (AERGOUSDT) faces challenges, trading at 1.70e-01 USDT, as technical analysis signals weakened support and cautionary indicators.
Take the next step in your exploration by delving into our detailed insights on AERGO BTC Aergo Technical Analysis; it’s a natural follow-up if you enjoyed this post.
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.