In this Beta Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for BETA-USDT. BETA is a decentralized finance (DeFi) platform that enables users to lend, borrow, and earn interest on their digital assets. BETA’s novel liquidity pool mechanism allows for more efficient and secure transactions, while its governance model ensures that the platform remains community-driven and transparent. By leveraging blockchain technology and smart contracts, BETA is poised to revolutionize the traditional finance industry with its innovative DeFi solutions.
Beta Finance Price Overview:
As of October 02, 2023, Beta Finance is trading at approximately 0.07745 USDT. Let’s dive into the detailed price action for BETA-USDT:
- Open (O): The opening price for today’s trading session was approximately 0.07934 USDT.
- High (H): Beta Finance reached a daily high of around 0.07961 USDT.
- Low (L): The daily low for BETA-USDT was approximately 0.0763 USDT.
- Close (C): At the time of analysis, Beta Finance is trading near its daily close of 0.07745 USDT.
|1D Change (%)||-2.38%|
|3D Change (%)||0.40%|
|7D Change (%)||-3.32%|
|30D Change (%)||7.66%|
|90D Change (%)||-10.58%|
|YTD Change (%)||14.59%|
Over the past three days, BETAUSDT has risen by approximately 0.40%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -3.32%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BETAUSDT maintaining an upward trend of approximately 7.66%, despite intermittent fluctuations. Examining the last 90 days, BETAUSDT has witnessed substantial drop of approximately -10.58%, reflecting strong long-term confidence. Year-to-date, BETAUSDT has steadily appreciated by around 14.59%, 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 0.41.
- Momentum score is 0.07659.
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 5,773,075.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Beta Finance is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for BETA-USDT is currently in the neutral zone, around 49.77406. This suggests that Beta Finance is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Beta Finance (BETA-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 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.