In this Aavegotchi ALPHA technical analysis, we will examine the current price action, trading volume, key levels and indicators for ALPHA-USDT. Aavegotchi ALPHA is a decentralized gaming platform that leverages blockchain technology to provide a unique and immersive gaming experience. With its innovative use of non-fungible tokens (NFTs), Aavegotchi ALPHA enables players to own, breed, and train digital pets, creating a new generation of gamers who are also crypto-investors. By combining the best elements of gaming and cryptocurrency, Aavegotchi ALPHA is poised to revolutionize the gaming industry while providing a lucrative investment opportunity for savvy investors.
Aavegotchi ALPHA Price Overview:
As of June 30, 2024, Aavegotchi ALPHA is trading at approximately 0.0786 USDT. Let’s dive into the detailed price action for ALPHA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0759 |
| High (H) | 0.0793 |
| Low (L) | 0.0753 |
| Close (C) | 0.0786 |
| Volume (C) | 7,508,694.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0759 USDT.
- High (H): Aavegotchi ALPHA reached a daily high of around 0.0793 USDT.
- Low (L): The daily low for ALPHA-USDT was approximately 0.0753 USDT.
- Close (C): At the time of analysis, Aavegotchi ALPHA is trading near its daily close of 0.0786 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.56% |
| 3D Change (%) | -4.03% |
| 7D Change (%) | -0.25% |
| 30D Change (%) | -38.35% |
| 90D Change (%) | -48.76% |
| YTD Change (%) | -37.47% |
Over the past three days, ALPHAUSDT has fallen by approximately -4.03%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -0.25%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ALPHAUSDT maintaining a downward trend of approximately -38.35%, despite intermittent fluctuations. Examining the last 90 days, ALPHAUSDT has witnessed substantial decline of approximately -48.76%, reflecting strong long-term confidence. Year-to-date, ALPHAUSDT has steadily declined by around -37.47%, 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 0.61424.
- Momentum score is -0.27424.
ALPHA USDT Technical Analysis
Aavegotchi ALPHA Trading Volume:
The trading volume for Aavegotchi ALPHA (ALPHA) over the past 24 hours has been insignificant, with approximately 7,508,694.00 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 36.6715. 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 insignificant trading volume are low signals for potential downward movement.
Consider bearish sentiment for Aavegotchi ALPHA (ALPHAUSDT) at 7.86e-02 USDT as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.
Discover even more by checking out our comprehensive analysis on ALPHA BTC Aavegotchi ALPHA Technical Analysis — a perfect 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.