In this Clover Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for CLV-USDT. Clover Finance (CLV) is a decentralized finance (DeFi) platform that enables users to earn rewards in the form of cryptocurrency for participating in various financial activities such as lending, borrowing, and trading. By leveraging blockchain technology and smart contracts, CLV provides a secure and transparent platform for users to manage their finances and investments. With its innovative features and user-friendly interface, Clover Finance is poised to revolutionize the way we think about personal finance and investing.
Clover Finance Price Overview:
As of June 30, 2024, Clover Finance is trading at approximately 0.05102 USDT. Let’s dive into the detailed price action for CLV-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.04999 |
| High (H) | 0.05145 |
| Low (L) | 0.04834 |
| Close (C) | 0.05102 |
| Volume (C) | 10,508,277.60 |
- Open (O): The opening price for today’s trading session was approximately 0.04999 USDT.
- High (H): Clover Finance reached a daily high of around 0.05145 USDT.
- Low (L): The daily low for CLV-USDT was approximately 0.04834 USDT.
- Close (C): At the time of analysis, Clover Finance is trading near its daily close of 0.05102 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.10% |
| 3D Change (%) | -4.85% |
| 7D Change (%) | 6.03% |
| 30D Change (%) | -27.01% |
| 90D Change (%) | -56.58% |
| YTD Change (%) | -12.26% |
Over the past three days, CLVUSDT has dropped by approximately -4.85%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 6.03%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CLVUSDT maintaining a downward trend of approximately -27.01%, despite intermittent fluctuations. Examining the last 90 days, CLVUSDT has witnessed substantial decline of approximately -56.58%, reflecting strong long-term confidence. Year-to-date, CLVUSDT has steadily dropped by around -12.26%, 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-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 0.66468.
- Momentum score is -0.25409.
CLV USDT Technical Analysis
Clover Finance Trading Volume:
The trading volume for Clover Finance (CLV) over the past 24 hours has been insignificant, with approximately 10,508,277.60 USDT 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-USDT is currently in the low zone, around 40.22059. This suggests that Clover Finance is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Clover Finance (CLV-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.
Explore potential downturns for Clover Finance (CLVUSDT) at 5.10e-02 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
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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.