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 July 06, 2024, Avatly is trading at approximately 0.5743 USDT. Let’s dive into the detailed price action for AVA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.5678 |
| High (H) | 0.579 |
| Low (L) | 0.5605 |
| Close (C) | 0.5743 |
| Volume (C) | 394,990.30 |
- Open (O): The opening price for today’s trading session was approximately 0.5678 USDT.
- High (H): Avatly reached a daily high of around 0.579 USDT.
- Low (L): The daily low for AVA-USDT was approximately 0.5605 USDT.
- Close (C): At the time of analysis, Avatly is trading near its daily close of 0.5743 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.25% |
| 3D Change (%) | -8.71% |
| 7D Change (%) | -10.91% |
| 30D Change (%) | -30.96% |
| 90D Change (%) | -33.71% |
| YTD Change (%) | -8.99% |
Over the past three days, AVAUSDT has decreased by approximately -8.71%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -10.91%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with AVAUSDT maintaining a downward trend of approximately -30.96%, despite intermittent fluctuations. Examining the last 90 days, AVAUSDT has witnessed substantial drop of approximately -33.71%, reflecting strong long-term confidence. Year-to-date, AVAUSDT has steadily declined by around -8.99%, 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 0.69085.
- Momentum score is -0.23427.
AVA USDT Technical Analysis
Avatly Trading Volume:
The trading volume for Avatly (AVA) over the past 24 hours has been insignificant, with approximately 394,990.30 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 low zone, around 41.77372. This suggests that Avatly is in bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge bearish outlook for Avatly (AVAUSDT) at 5.74e-01 USDT with 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.