In this Chromia technical analysis, we will examine the current price action, trading volume, key levels and indicators for CHR-USDT. Sure, here are three sentences about Chromia (CHR) cryptocurrency: Chromia (CHR) is a decentralized blockchain platform that enables the development of scalable and secure dApps, with a focus on gaming and social media applications. CHR’s unique consensus algorithm, called the “Chromia Consensus,” allows for faster transaction processing times and lower energy consumption compared to other proof-of-work (PoW) blockchains. Additionally, Chromia’s innovative use of “colored coins” enables the creation of customized tokens that can represent a wide range of assets, such as in-game items or collectibles.
Chromia Price Overview:
As of October 03, 2023, Chromia is trading at approximately 0.1007 USDT. Let’s dive into the detailed price action for CHR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.103 |
| High (H) | 0.1054 |
| Low (L) | 0.1003 |
| Close (C) | 0.1007 |
| Volume (C) | 10,415,719.00 |
- Open (O): The opening price for today’s trading session was approximately 0.103 USDT.
- High (H): Chromia reached a daily high of around 0.1054 USDT.
- Low (L): The daily low for CHR-USDT was approximately 0.1003 USDT.
- Close (C): At the time of analysis, Chromia is trading near its daily close of 0.1007 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.23% |
| 3D Change (%) | 0.50% |
| 7D Change (%) | 7.47% |
| 30D Change (%) | 15.61% |
| 90D Change (%) | -22.89% |
| YTD Change (%) | -5.80% |
Over the past three days, CHRUSDT has risen by approximately 0.50%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 7.47%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CHRUSDT maintaining an upward trend of approximately 15.61%, despite intermittent fluctuations. Examining the last 90 days, CHRUSDT has witnessed substantial fall of approximately -22.89%, reflecting strong long-term confidence. Year-to-date, CHRUSDT has steadily declined by around -5.80%, 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-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 0.72515.
- Momentum score is 0.15614.
CHR USDT Technical Analysis
Chromia Trading Volume:
The trading volume for Chromia (CHR) over the past 24 hours has been insignificant, with approximately 10,415,719.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Chromia is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CHR-USDT is currently in the neutral zone, around 49.66853. This suggests that Chromia is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Chromia (CHR-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.
