In this Beta Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for BETA-BTC. BETA is a decentralized financial platform that enables users to access a wide range of financial services, including lending, borrowing, and trading, all on the blockchain. BETA’s innovative smart contract architecture allows for secure, transparent, and efficient transactions, making it an attractive option for those looking for a reliable and user-friendly financial platform. With BETA, users can easily access a variety of financial tools and services, all from the convenience of their own digital wallet.
Beta Finance Price Overview:
As of October 02, 2023, Beta Finance is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for BETA-BTC:
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Beta Finance reached a daily high of around 0.0 BTC.
- Low (L): The daily low for BETA-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Beta Finance is trading near its daily close of 0.0 BTC.
|1D Change (%)||-2.11%|
|3D Change (%)||-3.14%|
|7D Change (%)||-8.85%|
|30D Change (%)||0.00%|
|90D Change (%)||-1.77%|
|YTD Change (%)||-31.70%|
Over the past three days, BETABTC has fallen by approximately -3.14%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -8.85%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BETABTC maintaining a downward trend of approximately 0.00%, despite intermittent fluctuations. Examining the last 90 days, BETABTC has witnessed substantial decrease of approximately -1.77%, reflecting strong long-term confidence. Year-to-date, BETABTC has steadily dropped by around -31.70%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Beta Finance Live Chart:
You can access a live price chart for BETA-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 0.38515.
- Momentum score is 0.0.
BETA BTC Technical Analysis
Beta Finance Trading Volume:
The trading volume for Beta Finance (BETA) over the past 24 hours has been significant, with approximately 437,715.00 BTC traded against BETA. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): BETA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Beta Finance is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for BETA-BTC is currently in the neutral zone, around 46.92962. This suggests that Beta Finance is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Beta Finance (BETA-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 neutral RSI and significant 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.