In this ARPA technical analysis, we will examine the current price action, trading volume, key levels and indicators for ARPA-USDT. Sure, here are three sentences about ARPA cryptocurrency: ARPA is a decentralized cryptocurrency that utilizes a proof-of-stake consensus algorithm, allowing for fast and secure transactions. Its unique features include a flexible governance system and a decentralized data storage platform, making it an attractive option for users looking for a more secure and private digital asset. With its focus on privacy and security, ARPA is poised to become a leading player in the cryptocurrency market.
ARPA Price Overview:
As of October 03, 2023, ARPA is trading at approximately 0.04348 USDT. Let’s dive into the detailed price action for ARPA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.04416 |
| High (H) | 0.04468 |
| Low (L) | 0.04316 |
| Close (C) | 0.04348 |
| Volume (C) | 31,723,497.00 |
- Open (O): The opening price for today’s trading session was approximately 0.04416 USDT.
- High (H): ARPA reached a daily high of around 0.04468 USDT.
- Low (L): The daily low for ARPA-USDT was approximately 0.04316 USDT.
- Close (C): At the time of analysis, ARPA is trading near its daily close of 0.04348 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.52% |
| 3D Change (%) | -0.18% |
| 7D Change (%) | 1.30% |
| 30D Change (%) | 3.72% |
| 90D Change (%) | -15.19% |
| YTD Change (%) | 66.27% |
Over the past three days, ARPAUSDT has decreased by approximately -0.18%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 1.30%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ARPAUSDT maintaining an upward trend of approximately 3.72%, despite intermittent fluctuations. Examining the last 90 days, ARPAUSDT has witnessed substantial decrease of approximately -15.19%, reflecting strong long-term confidence. Year-to-date, ARPAUSDT has steadily increased by around 66.27%, 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-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 0.40932.
- Momentum score is 0.03721.
ARPA USDT Technical Analysis
ARPA Trading Volume:
The trading volume for ARPA (ARPA) over the past 24 hours has been insignificant, with approximately 31,723,497.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): ARPA is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ARPA-USDT is currently in the neutral zone, around 47.71827. This suggests that ARPA is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
ARPA (ARPA-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.
