AVA USDT Avatly Technical Analysis

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By Frans van Elst

Avatly logo In this Avatly technical analysis, we will examine the current price action, trading volume, key levels and indicators for AVA-USDT. Avatly (AVA) is a decentralized social media platform that utilizes blockchain technology to provide users with greater control over their digital identity and data. With its innovative use of non-fungible tokens (NFTs), Avatly enables creators to monetize their content and connect with their audience in a more meaningful way. By leveraging the power of blockchain, Avatly is poised to revolutionize the way we interact online.

Avatly Price Overview:

As of May 11, 2024, Avatly is trading at approximately 0.6555 USDT. Let’s dive into the detailed price action for AVA-USDT:

Receive signals of caution for potential Avatly (AVAUSDT) downturns at 6.55e-01 USDT through bearish technical analysis, accompanied by weakened support and cautionary indicators.

Metric Value
Open (O) 0.6425
High (H) 0.6763
Low (L) 0.6361
Close (C) 0.6555
Volume (C) 2,844,373.70
  • Open (O): The opening price for today’s trading session was approximately 0.6425 USDT.
  • High (H): Avatly reached a daily high of around 0.6763 USDT.
  • Low (L): The daily low for AVA-USDT was approximately 0.6361 USDT.
  • Close (C): At the time of analysis, Avatly is trading near its daily close of 0.6555 USDT.
Metric Value
1D Change (%) 1.91%
3D Change (%) -0.05%
7D Change (%) -0.30%
30D Change (%) -21.94%
90D Change (%) 15.10%
YTD Change (%) 3.88%

Over the past three days, AVAUSDT has dropped by approximately -0.05%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -0.30%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with AVAUSDT maintaining a downward trend of approximately -21.94%, despite intermittent fluctuations. Examining the last 90 days, AVAUSDT has witnessed substantial rise of approximately 15.10%, reflecting strong long-term confidence. Year-to-date, AVAUSDT has steadily increased by around 3.88%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Avatly Live Chart:

You can access a live price chart for AVA-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 0.56039.
  • Momentum score is -0.05575.

AVA USDT Technical Analysis

Avatly Trading Volume:

The trading volume for Avatly (AVA) over the past 24 hours has been significant, with approximately 2,844,373.70 USDT traded against AVA. 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): AVA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Avatly is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for AVA-USDT is currently in the neutral zone, around 46.63166. This suggests that Avatly is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Avatly (AVA-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 significant trading volume are neutral signals for potential sideways movement.

Receive signals of caution for potential Avatly (AVAUSDT) downturns at 6.55e-01 USDT through bearish technical analysis, accompanied by weakened support and cautionary indicators.

Dive into the details with our in-depth analysis on AVA BTC Avatly Technical Analysis; you won’t want to miss it if you found this post interesting.

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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