In this ARPA technical analysis, we will examine the current price action, trading volume, key levels and indicators for ARPA-BTC. ARPA is a decentralized platform that utilizes blockchain technology to provide secure and transparent data storage solutions. By leveraging InterPlanetary File System (IPFS) and other decentralized technologies, ARPA enables users to store and share files in a secure and censorship-resistant manner. Additionally, ARPA’s novel proof-of-space consensus algorithm ensures that the network is highly scalable and energy-efficient, making it an attractive option for those seeking decentralized data storage solutions.
ARPA Price Overview:
As of June 19, 2024, ARPA is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for ARPA-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 521,238.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): ARPA reached a daily high of around 0.0 BTC.
- Low (L): The daily low for ARPA-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, ARPA is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.37% |
| 3D Change (%) | -14.94% |
| 7D Change (%) | -18.68% |
| 30D Change (%) | -28.16% |
| 90D Change (%) | -40.32% |
| YTD Change (%) | -41.73% |
Over the past three days, ARPABTC has decreased by approximately -14.94%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -18.68%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ARPABTC maintaining a downward trend of approximately -28.16%, despite intermittent fluctuations. Examining the last 90 days, ARPABTC has witnessed substantial decrease of approximately -40.32%, reflecting strong long-term confidence. Year-to-date, ARPABTC has steadily dropped by around -41.73%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
ARPA Live Chart:
You can access a live price chart for ARPA-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 0.6277.
- Momentum score is -0.33333.
ARPA BTC Technical Analysis
ARPA Trading Volume:
The trading volume for ARPA (ARPA) over the past 24 hours has been insignificant, with approximately 521,238.00 BTC traded against ARPA. 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): ARPA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): ARPA is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ARPA-BTC is currently in the low zone, around 33.53972. This suggests that ARPA is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
ARPA (ARPA-BTC) is currently exhibiting signs of short-term bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Explore ARPA’s (ARPABTC) potential setbacks at 7.40e-07 BTC through bearish technical analysis, emphasizing weakened support and cautionary indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on ARPA USDT ARPA Technical Analysis if you found this post intriguing.
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.