ARPA USDT ARPA Technical Analysis

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By Frans van Elst

ARPA logo In this ARPA technical analysis, we will examine the current price action, trading volume, key levels and indicators for ARPA-USDT. ARPA is a decentralized platform that enables the creation and execution of smart contracts, providing users with a secure and transparent way to manage their digital assets. Its novel consensus algorithm, called Proof-of-Useful Work (PoUW), ensures that only useful work is rewarded, making it more energy-efficient and resistant to centralization compared to traditional proof-of-work algorithms. With ARPA, users can easily build and deploy decentralized applications (dApps) without the need for complex technical knowledge, opening up new possibilities for a wide range of industries and use cases.

ARPA Price Overview:

As of May 17, 2024, ARPA is trading at approximately 0.07236 USDT. Let’s dive into the detailed price action for ARPA-USDT:

Anticipate potential growth for ARPA (ARPAUSDT) at 7.24e-02 USDT through positive technical analysis, emphasizing strong support and promising indicators.

Metric Value
Open (O) 0.07049
High (H) 0.07299
Low (L) 0.06865
Close (C) 0.07236
Volume (C) 23,584,027.60
  • Open (O): The opening price for today’s trading session was approximately 0.07049 USDT.
  • High (H): ARPA reached a daily high of around 0.07299 USDT.
  • Low (L): The daily low for ARPA-USDT was approximately 0.06865 USDT.
  • Close (C): At the time of analysis, ARPA is trading near its daily close of 0.07236 USDT.
Metric Value
1D Change (%) 2.74%
3D Change (%) 7.23%
7D Change (%) 10.59%
30D Change (%) 6.07%
90D Change (%) 10.81%
YTD Change (%) 34.77%

Over the past three days, ARPAUSDT has increased by approximately 7.23%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 10.59%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ARPAUSDT maintaining an upward trend of approximately 6.07%, despite intermittent fluctuations. Examining the last 90 days, ARPAUSDT has witnessed substantial increase of approximately 10.81%, reflecting strong long-term confidence. Year-to-date, ARPAUSDT has steadily increased by around 34.77%, 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 0.71183.
  • Momentum score is 0.03033.

ARPA USDT Technical Analysis

ARPA Trading Volume:

The trading volume for ARPA (ARPA) over the past 24 hours has been insignificant, with approximately 23,584,027.60 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 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-USDT is currently in the neutral zone, around 49.06119. 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 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Anticipate potential growth for ARPA (ARPAUSDT) at 7.24e-02 USDT through positive technical analysis, emphasizing strong support and promising indicators.

Take your understanding to the next level with our extensive analysis of ARPA BTC ARPA Technical Analysis; if you enjoyed this post, you’re in for a treat!

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.

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