In this BurgerCities technical analysis, we will examine the current price action, trading volume, key levels and indicators for BURGER-USDT. BurgerCities is a decentralized platform that empowers local economies by providing a blockchain-based ecosystem for peer-to-peer transactions and community-driven governance. The BURGER token powers this ecosystem, enabling users to participate in a variety of activities such as buying and selling goods and services, voting on community decisions, and contributing to the development of the platform. By leveraging blockchain technology and smart contracts, BurgerCities aims to create a more equitable and sustainable future for local communities around the world.
BurgerCities Price Overview:
As of July 06, 2024, BurgerCities is trading at approximately 0.3857 USDT. Let’s dive into the detailed price action for BURGER-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.3712 |
| High (H) | 0.3885 |
| Low (L) | 0.3639 |
| Close (C) | 0.3857 |
| Volume (C) | 1,606,201.20 |
- Open (O): The opening price for today’s trading session was approximately 0.3712 USDT.
- High (H): BurgerCities reached a daily high of around 0.3885 USDT.
- Low (L): The daily low for BURGER-USDT was approximately 0.3639 USDT.
- Close (C): At the time of analysis, BurgerCities is trading near its daily close of 0.3857 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.93% |
| 3D Change (%) | -11.80% |
| 7D Change (%) | -16.10% |
| 30D Change (%) | -52.31% |
| 90D Change (%) | -52.52% |
| YTD Change (%) | -33.82% |
Over the past three days, BURGERUSDT has dropped by approximately -11.80%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -16.10%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BURGERUSDT maintaining a downward trend of approximately -52.31%, despite intermittent fluctuations. Examining the last 90 days, BURGERUSDT has witnessed substantial decline of approximately -52.52%, reflecting strong long-term confidence. Year-to-date, BURGERUSDT has steadily dropped by around -33.82%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
BurgerCities Live Chart:
You can access a live price chart for BURGER-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 1.23282.
- Momentum score is -0.23548.
BURGER USDT Technical Analysis
BurgerCities Trading Volume:
The trading volume for BurgerCities (BURGER) over the past 24 hours has been insignificant, with approximately 1,606,201.20 USDT traded against BURGER. 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): BURGER is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): BurgerCities is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for BURGER-USDT is currently in the low zone, around 42.32904. This suggests that BurgerCities is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
BurgerCities (BURGER-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.
Anticipate potential setbacks for BurgerCities (BURGERUSDT) at 3.86e-01 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.
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.