In this BurgerCities technical analysis, we will examine the current price action, trading volume, key levels and indicators for BURGER-USDT. BurgerCities (BURGER) is a blockchain-based cryptocurrency that enables users to purchase and trade unique digital assets, such as customizable burgers, within a virtual city environment. With BURGER, users can participate in a decentralized marketplace, where they can buy, sell, and trade their digital assets with other players. The platform utilizes smart contracts to ensure fair and secure transactions, providing a unique gaming experience for its users.
BurgerCities Price Overview:
As of October 02, 2023, BurgerCities is trading at approximately 0.341 USDT. Let’s dive into the detailed price action for BURGER-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.3498 |
| High (H) | 0.358 |
| Low (L) | 0.3401 |
| Close (C) | 0.341 |
| Volume (C) | 2,581,515.90 |
- Open (O): The opening price for today’s trading session was approximately 0.3498 USDT.
- High (H): BurgerCities reached a daily high of around 0.358 USDT.
- Low (L): The daily low for BURGER-USDT was approximately 0.3401 USDT.
- Close (C): At the time of analysis, BurgerCities is trading near its daily close of 0.341 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.52% |
| 3D Change (%) | -0.15% |
| 7D Change (%) | -2.88% |
| 30D Change (%) | 6.36% |
| 90D Change (%) | -16.32% |
| YTD Change (%) | -31.80% |
Over the past three days, BURGERUSDT has declined by approximately -0.15%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -2.88%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BURGERUSDT maintaining an upward trend of approximately 6.36%, despite intermittent fluctuations. Examining the last 90 days, BURGERUSDT has witnessed substantial decline of approximately -16.32%, reflecting strong long-term confidence. Year-to-date, BURGERUSDT has steadily depreciated by around -31.80%, 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 0.40817.
- Momentum score is 0.06363.
BURGER USDT Technical Analysis
BurgerCities Trading Volume:
The trading volume for BurgerCities (BURGER) over the past 24 hours has been insignificant, with approximately 2,581,515.90 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): BurgerCities is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for BURGER-USDT is currently in the neutral zone, around 48.87526. This suggests that BurgerCities is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
BurgerCities (BURGER-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 insignificant 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.
