In this Automata technical analysis, we will examine the current price action, trading volume, key levels and indicators for ATA-USDT. Automata (ATA) is a decentralized finance (DeFi) platform that utilizes artificial intelligence and machine learning to provide users with personalized investment strategies. The platform’s native cryptocurrency, ATA, serves as the primary medium of exchange for users to access these tailored investment strategies. With its innovative approach to DeFi, Automata aims to democratize access to financial services and empower individuals to make informed investment decisions.
Automata Price Overview:
As of July 02, 2024, Automata is trading at approximately 0.106 USDT. Let’s dive into the detailed price action for ATA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1056 |
| High (H) | 0.1076 |
| Low (L) | 0.105 |
| Close (C) | 0.106 |
| Volume (C) | 5,391,788.00 |
- Open (O): The opening price for today’s trading session was approximately 0.1056 USDT.
- High (H): Automata reached a daily high of around 0.1076 USDT.
- Low (L): The daily low for ATA-USDT was approximately 0.105 USDT.
- Close (C): At the time of analysis, Automata is trading near its daily close of 0.106 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.38% |
| 3D Change (%) | 3.62% |
| 7D Change (%) | -4.93% |
| 30D Change (%) | -41.82% |
| 90D Change (%) | -39.91% |
| YTD Change (%) | -5.78% |
Over the past three days, ATAUSDT has risen by approximately 3.62%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.93%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ATAUSDT maintaining a downward trend of approximately -41.82%, despite intermittent fluctuations. Examining the last 90 days, ATAUSDT has witnessed substantial decline of approximately -39.91%, reflecting strong long-term confidence. Year-to-date, ATAUSDT has steadily depreciated by around -5.78%, 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-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 0.63595.
- Momentum score is -0.2054.
ATA USDT Technical Analysis
Automata Trading Volume:
The trading volume for Automata (ATA) over the past 24 hours has been insignificant, with approximately 5,391,788.00 USDT 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-USDT is currently in the low zone, around 39.9194. This suggests that Automata is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Automata (ATA-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.
Understand Automata’s (ATAUSDT) challenges at 1.06e-01 USDT with detailed bearish technical analysis, highlighting 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.