In this Civic technical analysis, we will examine the current price action, trading volume, key levels and indicators for CVC-USDT. Civic is a decentralized identity verification platform that leverages blockchain technology to provide secure and private authentication for individuals and businesses. The Civic token (CVC) is the native cryptocurrency used to access and interact with the platform’s features, such as identity verification and authentication services. With Civic, users can maintain control over their personal information while providing secure access to the services they need.
Civic Price Overview:
As of June 29, 2024, Civic is trading at approximately 0.1053 USDT. Let’s dive into the detailed price action for CVC-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1061 |
| High (H) | 0.1077 |
| Low (L) | 0.105 |
| Close (C) | 0.1053 |
| Volume (C) | 3,299,677.00 |
- Open (O): The opening price for today’s trading session was approximately 0.1061 USDT.
- High (H): Civic reached a daily high of around 0.1077 USDT.
- Low (L): The daily low for CVC-USDT was approximately 0.105 USDT.
- Close (C): At the time of analysis, Civic is trading near its daily close of 0.1053 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.75% |
| 3D Change (%) | 0.67% |
| 7D Change (%) | -1.77% |
| 30D Change (%) | -32.24% |
| 90D Change (%) | -56.47% |
| YTD Change (%) | 0.96% |
Over the past three days, CVCUSDT has increased by approximately 0.67%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -1.77%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CVCUSDT maintaining a downward trend of approximately -32.24%, despite intermittent fluctuations. Examining the last 90 days, CVCUSDT has witnessed substantial decline of approximately -56.47%, reflecting strong long-term confidence. Year-to-date, CVCUSDT has steadily appreciated by around 0.96%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Civic Live Chart:
You can access a live price chart for CVC-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 0.63404.
- Momentum score is -0.18875.
CVC USDT Technical Analysis
Civic Trading Volume:
The trading volume for Civic (CVC) over the past 24 hours has been insignificant, with approximately 3,299,677.00 USDT traded against CVC. 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): CVC is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Civic is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CVC-USDT is currently in the low zone, around 37.83398. This suggests that Civic is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Civic (CVC-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.
Acknowledge bearish outlook for Civic (CVCUSDT) at 1.05e-01 USDT with technical analysis, emphasizing weakened support and cautionary indicators.
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.