In this Shentu technical analysis, we will examine the current price action, trading volume, key levels and indicators for CTK-USDT. Shentu is a decentralized cryptocurrency that utilizes advanced encryption technology to secure transactions and protect user privacy. Shentu’s unique consensus algorithm allows for faster transaction processing times and lower energy consumption compared to other cryptocurrencies. With its focus on security, privacy, and sustainability, Shentu is poised to become a leading player in the cryptocurrency market.
Shentu Price Overview:
As of September 22, 2023, Shentu is trading at approximately 0.451 USDT. Let’s dive into the detailed price action for CTK-USDT:
- Open (O): The opening price for today’s trading session was approximately 0.447 USDT.
- High (H): Shentu reached a daily high of around 0.455 USDT.
- Low (L): The daily low for CTK-USDT was approximately 0.444 USDT.
- Close (C): At the time of analysis, Shentu is trading near its daily close of 0.451 USDT.
|1D Change (%)||0.89%|
|3D Change (%)||-2.38%|
|7D Change (%)||-4.25%|
|30D Change (%)||-6.63%|
|90D Change (%)||-28.86%|
|YTD Change (%)||-39.38%|
Over the past three days, CTKUSDT has declined by approximately -2.38%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -4.25%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CTKUSDT maintaining a downward trend of approximately -6.63%, despite intermittent fluctuations. Examining the last 90 days, CTKUSDT has witnessed substantial fall of approximately -28.86%, reflecting strong long-term confidence. Year-to-date, CTKUSDT has steadily declined by around -39.38%, 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-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 0.64106.
- Momentum score is -0.06625.
CTK USDT Technical Analysis
Shentu Trading Volume:
The trading volume for Shentu (CTK) over the past 24 hours has been insignificant, with approximately 752,577.20 USDT traded against CTK. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 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-USDT is currently in the low zone, around 42.67195. This suggests that Shentu is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Shentu (CTK-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.
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.