In this Chromia technical analysis, we will examine the current price action, trading volume, key levels and indicators for CHR-USDT. Chromia (CHR) is a decentralized blockchain platform that enables the development of highly scalable and secure dApps. Its unique architecture allows for faster transaction processing times and lower fees compared to other blockchain networks. Additionally, CHR’s innovative use of “colored coins” provides enhanced functionality for developers to build complex decentralized applications.
Chromia Price Overview:
As of July 02, 2024, Chromia is trading at approximately 0.2543 USDT. Let’s dive into the detailed price action for CHR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2328 |
| High (H) | 0.2792 |
| Low (L) | 0.2281 |
| Close (C) | 0.2543 |
| Volume (C) | 30,437,130.00 |
- Open (O): The opening price for today’s trading session was approximately 0.2328 USDT.
- High (H): Chromia reached a daily high of around 0.2792 USDT.
- Low (L): The daily low for CHR-USDT was approximately 0.2281 USDT.
- Close (C): At the time of analysis, Chromia is trading near its daily close of 0.2543 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 9.14% |
| 3D Change (%) | 19.17% |
| 7D Change (%) | 15.28% |
| 30D Change (%) | -19.65% |
| 90D Change (%) | -35.67% |
| YTD Change (%) | 31.01% |
Over the past three days, CHRUSDT has risen by approximately 19.17%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 15.28%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CHRUSDT maintaining a downward trend of approximately -19.65%, despite intermittent fluctuations. Examining the last 90 days, CHRUSDT has witnessed substantial fall of approximately -35.67%, reflecting strong long-term confidence. Year-to-date, CHRUSDT has steadily appreciated by around 31.01%, 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 0.75163.
- Momentum score is -0.10709.
CHR USDT Technical Analysis
Chromia Trading Volume:
The trading volume for Chromia (CHR) over the past 24 hours has been significant, with approximately 30,437,130.00 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 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-USDT is currently in the neutral zone, around 45.53421. 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 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 neutral RSI and significant trading volume are neutral signals for potential sideways movement.
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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.