In this Alchemix technical analysis, we will examine the current price action, trading volume, key levels and indicators for ALCX-USDT. Sure, here are three sentences about Alchemix (ALCX) cryptocurrency: Alchemix (ALCX) is a decentralized finance (DeFi) token that enables users to earn rewards through staking and liquidity provision. With its innovative governance model, ALCX empowers holders to vote on proposals for the direction of the project, fostering a community-driven approach to development. By leveraging cutting-edge technology and a robust treasury system, Alchemix aims to create a sustainable and self-governing DeFi ecosystem.
Alchemix Price Overview:
As of October 03, 2023, Alchemix is trading at approximately 12.42 USDT. Let’s dive into the detailed price action for ALCX-USDT:
| Metric | Value |
|---|---|
| Open (O) | 12.43 |
| High (H) | 12.63 |
| Low (L) | 12.22 |
| Close (C) | 12.42 |
| Volume (C) | 33,700.76 |
- Open (O): The opening price for today’s trading session was approximately 12.43 USDT.
- High (H): Alchemix reached a daily high of around 12.63 USDT.
- Low (L): The daily low for ALCX-USDT was approximately 12.22 USDT.
- Close (C): At the time of analysis, Alchemix is trading near its daily close of 12.42 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.08% |
| 3D Change (%) | -2.82% |
| 7D Change (%) | -7.52% |
| 30D Change (%) | 13.94% |
| 90D Change (%) | -21.04% |
| YTD Change (%) | -9.34% |
Over the past three days, ALCXUSDT has decreased by approximately -2.82%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -7.52%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ALCXUSDT maintaining an upward trend of approximately 13.94%, despite intermittent fluctuations. Examining the last 90 days, ALCXUSDT has witnessed substantial fall of approximately -21.04%, reflecting strong long-term confidence. Year-to-date, ALCXUSDT has steadily declined by around -9.34%, 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-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 1.2181.
- Momentum score is 0.13945.
ALCX USDT Technical Analysis
Alchemix Trading Volume:
The trading volume for Alchemix (ALCX) over the past 24 hours has been insignificant, with approximately 33,700.76 USDT 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-USDT is currently in the neutral zone, around 50.32161. This suggests that Alchemix is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Alchemix (ALCX-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 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.
