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 cryptocurrency that focuses on providing financial services to individuals and businesses. It utilizes a proof-of-stake consensus algorithm, which allows for faster and more energy-efficient transactions compared to traditional proof-of-work algorithms. With its innovative features and user-friendly interface, Clover Finance is poised to revolutionize the financial industry by providing accessible and secure financial services to all.
Clover Finance Price Overview:
As of October 02, 2023, Clover Finance is trading at approximately 0.03319 USDT. Let’s dive into the detailed price action for CLV-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.03397 |
| High (H) | 0.03441 |
| Low (L) | 0.03291 |
| Close (C) | 0.03319 |
| Volume (C) | 16,480,787.80 |
- Open (O): The opening price for today’s trading session was approximately 0.03397 USDT.
- High (H): Clover Finance reached a daily high of around 0.03441 USDT.
- Low (L): The daily low for CLV-USDT was approximately 0.03291 USDT.
- Close (C): At the time of analysis, Clover Finance is trading near its daily close of 0.03319 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.30% |
| 3D Change (%) | 1.53% |
| 7D Change (%) | -0.66% |
| 30D Change (%) | 3.88% |
| 90D Change (%) | -13.70% |
| YTD Change (%) | -36.54% |
Over the past three days, CLVUSDT has risen by approximately 1.53%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -0.66%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CLVUSDT maintaining an upward trend of approximately 3.88%, despite intermittent fluctuations. Examining the last 90 days, CLVUSDT has witnessed substantial decline of approximately -13.70%, reflecting strong long-term confidence. Year-to-date, CLVUSDT has steadily dropped by around -36.54%, 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 0.41232.
- Momentum score is 0.03881.
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 16,480,787.80 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Clover Finance is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CLV-USDT is currently in the neutral zone, around 49.45218. This suggests that Clover Finance is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Clover Finance (CLV-USDT) is currently exhibiting signs of short-term bullish 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 insignificant 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.
