In this Alchemix technical analysis, we will examine the current price action, trading volume, key levels and indicators for ALCX-BTC. Alchemix (ALCX) is a decentralized finance (DeFi) platform that offers a range of financial services, including lending, borrowing, and trading. The platform utilizes a unique algorithmic model to provide liquidity and stability to its users, while also incentivizing participation through a token-based reward system. Alchemix has gained popularity among cryptocurrency enthusiasts due to its innovative approach to DeFi and its potential to democratize access to financial services.
Alchemix Price Overview:
As of October 02, 2023, Alchemix is trading at approximately 0.00045 BTC. Let’s dive into the detailed price action for ALCX-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00046 |
| High (H) | 0.00047 |
| Low (L) | 0.00044 |
| Close (C) | 0.00045 |
| Volume (C) | 2,307.26 |
- Open (O): The opening price for today’s trading session was approximately 0.00046 BTC.
- High (H): Alchemix reached a daily high of around 0.00047 BTC.
- Low (L): The daily low for ALCX-BTC was approximately 0.00044 BTC.
- Close (C): At the time of analysis, Alchemix is trading near its daily close of 0.00045 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.69% |
| 3D Change (%) | -3.73% |
| 7D Change (%) | -3.32% |
| 30D Change (%) | 3.87% |
| 90D Change (%) | -15.68% |
| YTD Change (%) | -45.82% |
Over the past three days, ALCXBTC has fallen by approximately -3.73%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -3.32%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ALCXBTC maintaining an upward trend of approximately 3.87%, despite intermittent fluctuations. Examining the last 90 days, ALCXBTC has witnessed substantial drop of approximately -15.68%, reflecting strong long-term confidence. Year-to-date, ALCXBTC has steadily depreciated by around -45.82%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Alchemix Live Chart:
You can access a live price chart for ALCX-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 1.25395.
- Momentum score is 0.03867.
ALCX BTC Technical Analysis
Alchemix Trading Volume:
The trading volume for Alchemix (ALCX) over the past 24 hours has been insignificant, with approximately 2,307.26 BTC traded against ALCX. 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): ALCX is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Alchemix is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ALCX-BTC is currently in the neutral zone, around 49.42382. This suggests that Alchemix is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Alchemix (ALCX-BTC) is currently exhibiting signs of short-term bullish 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 insignificant 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.
