In this Clover Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for CLV-BTC. Sure, here are three sentences about Clover Finance (CLV) cryptocurrency: Clover Finance (CLV) is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with a range of financial services, including lending, borrowing, and trading. CLV’s novel consensus algorithm, called “Proof of Authority,” ensures fast and secure transactions, making it an attractive option for those looking for a reliable DeFi platform. Additionally, CLV’s unique governance model allows holders of the cryptocurrency to have a say in the direction of the platform, fostering a sense of community and ownership among users.
Clover Finance Price Overview:
As of October 03, 2023, Clover Finance is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for CLV-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 5,232,670.40 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Clover Finance reached a daily high of around 0.0 BTC.
- Low (L): The daily low for CLV-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Clover Finance is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.31% |
| 3D Change (%) | -5.65% |
| 7D Change (%) | -6.40% |
| 30D Change (%) | -4.10% |
| 90D Change (%) | -2.50% |
| YTD Change (%) | -62.97% |
Over the past three days, CLVBTC has fallen by approximately -5.65%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -6.40%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CLVBTC maintaining a downward trend of approximately -4.10%, despite intermittent fluctuations. Examining the last 90 days, CLVBTC has witnessed substantial decline of approximately -2.50%, reflecting strong long-term confidence. Year-to-date, CLVBTC has steadily decreased by around -62.97%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Clover Finance Live Chart:
You can access a live price chart for CLV-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 0.40594.
- Momentum score is -0.04098.
CLV BTC Technical Analysis
Clover Finance Trading Volume:
The trading volume for Clover Finance (CLV) over the past 24 hours has been significant, with approximately 5,232,670.40 BTC traded against CLV. 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): CLV is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Clover Finance is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CLV-BTC is currently in the neutral zone, around 45.69275. This suggests that Clover Finance is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Clover Finance (CLV-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 neutral RSI and significant 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.
