BETA USDT Beta Finance Technical Analysis

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By Frans van Elst

Beta Finance logo In this Beta Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for BETA-USDT. Beta Finance is a decentralized finance platform that utilizes blockchain technology to provide users with a wide range of financial services, including lending, borrowing, and trading. The platform’s native cryptocurrency, BETA, serves as the primary medium of exchange within the ecosystem and allows users to access these financial services in a secure and transparent manner. With its innovative approach to decentralized finance, Beta Finance is poised to revolutionize the way we think about money and financial services.

Beta Finance Price Overview:

As of June 17, 2024, Beta Finance is trading at approximately 0.0506 USDT. Let’s dive into the detailed price action for BETA-USDT:

Explore potential downturns for Beta Finance (BETAUSDT) at 5.06e-02 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.

Metric Value
Open (O) 0.05867
High (H) 0.05919
Low (L) 0.04862
Close (C) 0.0506
Volume (C) 42,230,268.00
  • Open (O): The opening price for today’s trading session was approximately 0.05867 USDT.
  • High (H): Beta Finance reached a daily high of around 0.05919 USDT.
  • Low (L): The daily low for BETA-USDT was approximately 0.04862 USDT.
  • Close (C): At the time of analysis, Beta Finance is trading near its daily close of 0.0506 USDT.
Metric Value
1D Change (%) -13.75%
3D Change (%) -12.05%
7D Change (%) -16.36%
30D Change (%) -27.42%
90D Change (%) -41.31%
YTD Change (%) -37.08%

Over the past three days, BETAUSDT has fallen by approximately -12.05%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -16.36%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BETAUSDT maintaining a downward trend of approximately -27.42%, despite intermittent fluctuations. Examining the last 90 days, BETAUSDT has witnessed substantial fall of approximately -41.31%, reflecting strong long-term confidence. Year-to-date, BETAUSDT has steadily decreased by around -37.08%, 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-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 0.63953.
  • Momentum score is -0.28033.

BETA USDT Technical Analysis

Beta Finance Trading Volume:

The trading volume for Beta Finance (BETA) over the past 24 hours has been significant, with approximately 42,230,268.00 USDT traded against BETA. 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): 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-USDT is currently in the low zone, around 35.81512. This suggests that Beta Finance is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Beta Finance (BETA-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 significant trading volume are low signals for potential downward movement.

Explore potential downturns for Beta Finance (BETAUSDT) at 5.06e-02 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.

Explore more with our thorough insights on BETA BTC Beta Finance Technical Analysis — an essential read if you enjoyed the content of this post.

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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