In this Automata technical analysis, we will examine the current price action, trading volume, key levels and indicators for ATA-USDT. Sure, here are three sentences about Automata (ATA) cryptocurrency: Automata (ATA) is a decentralized cryptocurrency that utilizes a novel consensus algorithm called “Proof of Authority” to ensure fast and secure transactions. With its focus on scalability and interoperability, ATA aims to provide a seamless experience for users looking to interact with decentralized applications (dApps) and other blockchain networks. By leveraging the power of automation, ATA seeks to revolutionize the way we interact with decentralized systems, making it easier and more accessible for mainstream adoption.
Automata Price Overview:
As of October 03, 2023, Automata is trading at approximately 0.0842 USDT. Let’s dive into the detailed price action for ATA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0838 |
| High (H) | 0.0872 |
| Low (L) | 0.0835 |
| Close (C) | 0.0842 |
| Volume (C) | 17,164,523.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0838 USDT.
- High (H): Automata reached a daily high of around 0.0872 USDT.
- Low (L): The daily low for ATA-USDT was approximately 0.0835 USDT.
- Close (C): At the time of analysis, Automata is trading near its daily close of 0.0842 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.48% |
| 3D Change (%) | 2.68% |
| 7D Change (%) | 2.18% |
| 30D Change (%) | 8.23% |
| 90D Change (%) | -13.55% |
| YTD Change (%) | -6.55% |
Over the past three days, ATAUSDT has increased by approximately 2.68%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 2.18%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ATAUSDT maintaining an upward trend of approximately 8.23%, despite intermittent fluctuations. Examining the last 90 days, ATAUSDT has witnessed substantial decrease of approximately -13.55%, reflecting strong long-term confidence. Year-to-date, ATAUSDT has steadily depreciated by around -6.55%, 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 0.53245.
- Momentum score is 0.08226.
ATA USDT Technical Analysis
Automata Trading Volume:
The trading volume for Automata (ATA) over the past 24 hours has been insignificant, with approximately 17,164,523.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Automata is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ATA-USDT is currently in the neutral zone, around 52.28273. This suggests that Automata is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Automata (ATA-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.
