In this Automata technical analysis, we will examine the current price action, trading volume, key levels and indicators for ATA-BTC. Automata (ATA) is a decentralized blockchain-based platform that enables the creation and execution of smart contracts and decentralized applications (dApps). With its unique features such as decentralized governance and automated dispute resolution, ATA provides a secure and transparent environment for users to build and engage with dApps. Additionally, ATA’s innovative use of oracles allows for seamless integration with external data sources, making it an attractive option for developers looking to build complex dApps.
Automata Price Overview:
As of July 05, 2024, Automata is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for ATA-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 342,213.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Automata reached a daily high of around 0.0 BTC.
- Low (L): The daily low for ATA-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Automata is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.32% |
| 3D Change (%) | -12.79% |
| 7D Change (%) | -14.77% |
| 30D Change (%) | -45.45% |
| 90D Change (%) | -46.81% |
| YTD Change (%) | -43.40% |
Over the past three days, ATABTC has fallen by approximately -12.79%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -14.77%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ATABTC maintaining a downward trend of approximately -45.45%, despite intermittent fluctuations. Examining the last 90 days, ATABTC has witnessed substantial fall of approximately -46.81%, reflecting strong long-term confidence. Year-to-date, ATABTC has steadily decreased by around -43.40%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Automata Live Chart:
You can access a live price chart for ATA-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 0.60112.
- Momentum score is -0.23077.
ATA BTC Technical Analysis
Automata Trading Volume:
The trading volume for Automata (ATA) over the past 24 hours has been significant, with approximately 342,213.00 BTC traded against ATA. 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): ATA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Automata is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ATA-BTC is currently in the low zone, around 36.35725. This suggests that Automata is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Automata (ATA-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 significant trading volume are low signals for potential downward movement.
Explore Automata’s (ATABTC) potential setbacks at 1.50e-06 BTC through bearish technical analysis, emphasizing weakened support and cautionary indicators.
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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.