This technical analysis of Clover Finance will delve into the current price action, trading volume, key levels, and indicators for CLV-BTC. Clover Finance (CLV) is a decentralized finance platform that leverages blockchain technology to offer users a comprehensive range of financial services, including lending, borrowing, and trading. With its innovative features and user-friendly interface, CLV has garnered significant attention from cryptocurrency enthusiasts and investors alike. Furthermore, the platform’s emphasis on security, transparency, and community involvement has solidified its reputation as a trusted player in the rapidly evolving DeFi market.
Clover Finance Price Overview:
As of July 19, 2024, 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) | 29,424.50 |
- 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 (%) | -1.23% |
| 3D Change (%) | -2.44% |
| 7D Change (%) | -3.61% |
| 30D Change (%) | 1.27% |
| 90D Change (%) | -39.85% |
| YTD Change (%) | -42.03% |
Over the past three days, CLVBTC has experienced a decline of approximately -2.44%, indicating increased market volatility. This downward trend continued throughout the week, with a loss of around -3.61%, suggesting waning investor interest. A 30-day analysis provides a more comprehensive view, revealing an upward trend of approximately 1.27%, despite occasional fluctuations. Looking back at the last 90 days, CLVBTC has seen a substantial decrease of around -39.85%, reflecting a loss of long-term confidence. Year-to-date, CLVBTC has steadily depreciated by approximately -42.03%.
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 0.42848.
- Momentum score is -0.05882.
CLV BTC Technical Analysis
Clover Finance Trading Volume:
The trading volume for Clover Finance (CLV) over the past 24 hours has been insignificant, with approximately 29,424.50 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 low zone, around 42.52995. This suggests that Clover Finance is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Clover Finance’s CLV-BTC pair is currently displaying short-term bearish tendencies, with key support and resistance levels drawing attention from traders and investors. It’s crucial to monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Furthermore, the low RSI reading and insignificant trading volume are warning signs indicating a possible downward trajectory.
Understand Clover Finance’s (CLVBTC) challenges at 8.00e-07 BTC with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.
Missing our detailed breakdown on CLV USDT Clover Finance Technical Analysis would be a lost opportunity if you found value in this post.
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.