In this Aavegotchi ALPHA technical analysis, we will examine the current price action, trading volume, key levels and indicators for ALPHA-USDT. Here are three sentences about Aavegotchi ALPHA (ALPHA) cryptocurrency: Aavegotchi ALPHA is a decentralized cryptocurrency that utilizes a novel proof-of-stake consensus algorithm, allowing for faster and more energy-efficient transactions. With its innovative features and strong developer community, Aavegotchi ALPHA has gained significant traction in the blockchain space. By leveraging cutting-edge technology, Aavegotchi ALPHA aims to provide users with a secure and reliable platform for decentralized finance (DeFi) applications.
Aavegotchi ALPHA Price Overview:
As of October 02, 2023, Aavegotchi ALPHA is trading at approximately 0.0768 USDT. Let’s dive into the detailed price action for ALPHA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0829 |
| High (H) | 0.0832 |
| Low (L) | 0.0747 |
| Close (C) | 0.0768 |
| Volume (C) | 12,195,818.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0829 USDT.
- High (H): Aavegotchi ALPHA reached a daily high of around 0.0832 USDT.
- Low (L): The daily low for ALPHA-USDT was approximately 0.0747 USDT.
- Close (C): At the time of analysis, Aavegotchi ALPHA is trading near its daily close of 0.0768 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -7.25% |
| 3D Change (%) | -1.29% |
| 7D Change (%) | -0.52% |
| 30D Change (%) | 0.39% |
| 90D Change (%) | -29.02% |
| YTD Change (%) | 15.14% |
Over the past three days, ALPHAUSDT has dropped by approximately -1.29%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -0.52%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ALPHAUSDT maintaining an upward trend of approximately 0.39%, despite intermittent fluctuations. Examining the last 90 days, ALPHAUSDT has witnessed substantial decline of approximately -29.02%, reflecting strong long-term confidence. Year-to-date, ALPHAUSDT has steadily increased by around 15.14%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Aavegotchi ALPHA Live Chart:
You can access a live price chart for ALPHA-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 0.51084.
- Momentum score is 0.00392.
ALPHA USDT Technical Analysis
Aavegotchi ALPHA Trading Volume:
The trading volume for Aavegotchi ALPHA (ALPHA) over the past 24 hours has been significant, with approximately 12,195,818.00 USDT traded against ALPHA. 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): ALPHA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Aavegotchi ALPHA is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ALPHA-USDT is currently in the low zone, around 44.12084. This suggests that Aavegotchi ALPHA is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Aavegotchi ALPHA (ALPHA-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 significant trading volume are low signals for potential downward 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.
