In this Biswap technical analysis, we will examine the current price action, trading volume, key levels and indicators for BSW-USDT. Biswap (BSW) is a decentralized exchange (DEX) built on the Binance Smart Chain that enables users to trade a variety of assets securely and efficiently. BSW utilizes cutting-edge technology to provide fast and low-latency trading, while also ensuring the security of users’ assets through its non-custodial approach. With Biswap, users can enjoy a seamless and user-friendly trading experience with a wide range of digital assets at their fingertips.
Biswap Price Overview:
As of July 06, 2024, Biswap is trading at approximately 0.0553 USDT. Let’s dive into the detailed price action for BSW-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0532 |
| High (H) | 0.0554 |
| Low (L) | 0.0529 |
| Close (C) | 0.0553 |
| Volume (C) | 5,350,366.80 |
- Open (O): The opening price for today’s trading session was approximately 0.0532 USDT.
- High (H): Biswap reached a daily high of around 0.0554 USDT.
- Low (L): The daily low for BSW-USDT was approximately 0.0529 USDT.
- Close (C): At the time of analysis, Biswap is trading near its daily close of 0.0553 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.75% |
| 3D Change (%) | -11.24% |
| 7D Change (%) | -11.52% |
| 30D Change (%) | -41.91% |
| 90D Change (%) | -55.37% |
| YTD Change (%) | -51.15% |
Over the past three days, BSWUSDT has fallen by approximately -11.24%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -11.52%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BSWUSDT maintaining a downward trend of approximately -41.91%, despite intermittent fluctuations. Examining the last 90 days, BSWUSDT has witnessed substantial drop of approximately -55.37%, reflecting strong long-term confidence. Year-to-date, BSWUSDT has steadily decreased by around -51.15%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Biswap Live Chart:
You can access a live price chart for BSW-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 0.63044.
- Momentum score is -0.25169.
BSW USDT Technical Analysis
Biswap Trading Volume:
The trading volume for Biswap (BSW) over the past 24 hours has been insignificant, with approximately 5,350,366.80 USDT traded against BSW. 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): BSW is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Biswap is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for BSW-USDT is currently in the low zone, around 35.59551. This suggests that Biswap is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Biswap (BSW-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.
Envision bearish outlook for Biswap (BSWUSDT) at 5.53e-02 USDT with weakened support and cautionary indicators, revealed in technical analysis.
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.