In this PowerPool Concentrated Voting Power technical analysis, we will examine the current price action, trading volume, key levels and indicators for CVP-USDT. PowerPool’s Concentrated Voting Power (CVP) is a novel approach to decentralized governance that empowers holders of its native cryptocurrency to participate in the decision-making process. By leveraging a concentrated voting mechanism, CVP enables users to have a greater say in the direction of the platform and ensures that their voices are heard. This innovative approach to governance sets PowerPool apart from other blockchain projects and solidifies its position as a leader in the decentralized finance (DeFi) space.
PowerPool Concentrated Voting Power Price Overview:
As of July 02, 2024, PowerPool Concentrated Voting Power is trading at approximately 0.2372 USDT. Let’s dive into the detailed price action for CVP-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2448 |
| High (H) | 0.2641 |
| Low (L) | 0.2362 |
| Close (C) | 0.2372 |
| Volume (C) | 6,582,773.90 |
- Open (O): The opening price for today’s trading session was approximately 0.2448 USDT.
- High (H): PowerPool Concentrated Voting Power reached a daily high of around 0.2641 USDT.
- Low (L): The daily low for CVP-USDT was approximately 0.2362 USDT.
- Close (C): At the time of analysis, PowerPool Concentrated Voting Power is trading near its daily close of 0.2372 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.10% |
| 3D Change (%) | -18.12% |
| 7D Change (%) | -25.22% |
| 30D Change (%) | -37.84% |
| 90D Change (%) | -55.71% |
| YTD Change (%) | -34.80% |
Over the past three days, CVPUSDT has declined by approximately -18.12%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -25.22%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CVPUSDT maintaining a downward trend of approximately -37.84%, despite intermittent fluctuations. Examining the last 90 days, CVPUSDT has witnessed substantial drop of approximately -55.71%, reflecting strong long-term confidence. Year-to-date, CVPUSDT has steadily dropped by around -34.80%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
PowerPool Concentrated Voting Power Live Chart:
You can access a live price chart for CVP-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 0.96835.
- Momentum score is -0.34294.
CVP USDT Technical Analysis
PowerPool Concentrated Voting Power Trading Volume:
The trading volume for PowerPool Concentrated Voting Power (CVP) over the past 24 hours has been significant, with approximately 6,582,773.90 USDT traded against CVP. 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): CVP is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): PowerPool Concentrated Voting Power is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CVP-USDT is currently in the low zone, around 35.08406. This suggests that PowerPool Concentrated Voting Power is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
PowerPool Concentrated Voting Power (CVP-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 significant trading volume are low signals for potential downward movement.
Explore PowerPool Concentrated Voting Power’s (CVPUSDT) potential setbacks at 2.37e-01 USDT through bearish 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.