In this Chromia technical analysis, we will examine the current price action, trading volume, key levels and indicators for CHR-BTC. Chromia (CHR) is a decentralized blockchain platform that enables the development of scalable and secure dApps. Its unique architecture allows for faster transaction processing times and lower fees compared to other blockchain networks. With CHR, developers can build and deploy complex dApps with ease, unlocking new possibilities for innovation in the decentralized space.
Chromia Price Overview:
As of June 29, 2024, Chromia is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for CHR-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 227,829.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Chromia reached a daily high of around 0.0 BTC.
- Low (L): The daily low for CHR-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Chromia is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.04% |
| 3D Change (%) | -6.40% |
| 7D Change (%) | -3.04% |
| 30D Change (%) | -26.11% |
| 90D Change (%) | -43.57% |
| YTD Change (%) | -23.36% |
Over the past three days, CHRBTC has fallen by approximately -6.40%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -3.04%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CHRBTC maintaining a downward trend of approximately -26.11%, despite intermittent fluctuations. Examining the last 90 days, CHRBTC has witnessed substantial fall of approximately -43.57%, reflecting strong long-term confidence. Year-to-date, CHRBTC has steadily decreased by around -23.36%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Chromia Live Chart:
You can access a live price chart for CHR-BTC 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 0.50174.
- Momentum score is -0.21124.
CHR BTC Technical Analysis
Chromia Trading Volume:
The trading volume for Chromia (CHR) over the past 24 hours has been significant, with approximately 227,829.00 BTC traded against CHR. 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): CHR is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Chromia is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CHR-BTC is currently in the low zone, around 38.4068. This suggests that Chromia is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Chromia (CHR-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC 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 Chromia (CHRBTC) at 3.51e-06 BTC, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
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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.