In this Manchester City Fan Token technical analysis, we will examine the current price action, trading volume, key levels and indicators for CITY-USDT. Manchester City Fan Token (CITY) is a blockchain-based digital currency that empowers fans to engage with the club like never before. With CITY, fans can purchase exclusive merchandise, access unique experiences, and show their support for the team in a whole new way. By leveraging the power of blockchain technology, Manchester City Fan Token (CITY) is revolutionizing the fan experience for one of the world’s most beloved football clubs.
Manchester City Fan Token Price Overview:
As of July 06, 2024, Manchester City Fan Token is trading at approximately 2.048 USDT. Let’s dive into the detailed price action for CITY-USDT:
| Metric | Value |
|---|---|
| Open (O) | 2.014 |
| High (H) | 2.058 |
| Low (L) | 1.981 |
| Close (C) | 2.048 |
| Volume (C) | 121,674.45 |
- Open (O): The opening price for today’s trading session was approximately 2.014 USDT.
- High (H): Manchester City Fan Token reached a daily high of around 2.058 USDT.
- Low (L): The daily low for CITY-USDT was approximately 1.981 USDT.
- Close (C): At the time of analysis, Manchester City Fan Token is trading near its daily close of 2.048 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.64% |
| 3D Change (%) | -6.14% |
| 7D Change (%) | -7.33% |
| 30D Change (%) | -32.03% |
| 90D Change (%) | -48.88% |
| YTD Change (%) | -26.73% |
Over the past three days, CITYUSDT has dropped by approximately -6.14%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -7.33%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CITYUSDT maintaining a downward trend of approximately -32.03%, despite intermittent fluctuations. Examining the last 90 days, CITYUSDT has witnessed substantial fall of approximately -48.88%, reflecting strong long-term confidence. Year-to-date, CITYUSDT has steadily depreciated by around -26.73%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Manchester City Fan Token Live Chart:
You can access a live price chart for CITY-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 0.51324.
- Momentum score is -0.21921.
CITY USDT Technical Analysis
Manchester City Fan Token Trading Volume:
The trading volume for Manchester City Fan Token (CITY) over the past 24 hours has been insignificant, with approximately 121,674.45 USDT traded against CITY. 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): CITY is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Manchester City Fan Token is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CITY-USDT is currently in the low zone, around 33.88097. This suggests that Manchester City Fan Token is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Manchester City Fan Token (CITY-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.
Receive signals of caution for potential Manchester City Fan Token (CITYUSDT) downturns at 2.05 USDT through bearish technical analysis, accompanied by weakened support and cautionary indicators.
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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.