In this Shentu technical analysis, we will examine the current price action, trading volume, key levels and indicators for CTK-BTC. Shentu (CTK) is a decentralized blockchain platform that enables the creation and execution of smart contracts, providing a secure and transparent environment for various industries. With its unique consensus algorithm and modular architecture, Shentu offers high scalability and interoperability, making it an attractive option for developers and businesses alike. Additionally, CTK’s proof-of-stake (PoS) consensus algorithm ensures energy efficiency and low barriers to entry, further expanding its appeal.
Shentu Price Overview:
As of July 06, 2024, Shentu is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for CTK-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 11,247.60 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Shentu reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for CTK-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Shentu is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.46% |
| 3D Change (%) | -7.12% |
| 7D Change (%) | -7.83% |
| 30D Change (%) | -17.20% |
| 90D Change (%) | -18.51% |
| YTD Change (%) | -40.72% |
Over the past three days, CTKBTC has fallen by approximately -7.12%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -7.83%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CTKBTC maintaining a downward trend of approximately -17.20%, despite intermittent fluctuations. Examining the last 90 days, CTKBTC has witnessed substantial decrease of approximately -18.51%, reflecting strong long-term confidence. Year-to-date, CTKBTC has steadily declined by around -40.72%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Shentu Live Chart:
You can access a live price chart for CTK-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 0.90923.
- Momentum score is -0.17705.
CTK BTC Technical Analysis
Shentu Trading Volume:
The trading volume for Shentu (CTK) over the past 24 hours has been insignificant, with approximately 11,247.60 BTC traded against CTK. 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): CTK is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Shentu is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CTK-BTC is currently in the neutral zone, around 46.87362. This suggests that Shentu is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Shentu (CTK-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 insignificant trading volume are neutral signals for potential sideways movement.
Navigate Shentu’s (CTKBTC) potential downturns at 1.08e-05 BTC with bearish technical analysis, emphasizing 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.