In this Streamr technical analysis, we will examine the current price action, trading volume, key levels and indicators for DATA-USDT. Streamr (DATA) is a decentralized data exchange platform that leverages blockchain technology to provide secure and transparent data sharing. The platform’s native cryptocurrency, DATA, is used to incentivize data providers and facilitate data transactions. With Streamr, users can access a wide range of high-quality data sets from various sources, all while maintaining control over their personal information.
Streamr Price Overview:
As of July 06, 2024, Streamr is trading at approximately 0.03661 USDT. Let’s dive into the detailed price action for DATA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.03576 |
| High (H) | 0.03675 |
| Low (L) | 0.0355 |
| Close (C) | 0.03661 |
| Volume (C) | 7,808,615.20 |
- Open (O): The opening price for today’s trading session was approximately 0.03576 USDT.
- High (H): Streamr reached a daily high of around 0.03675 USDT.
- Low (L): The daily low for DATA-USDT was approximately 0.0355 USDT.
- Close (C): At the time of analysis, Streamr is trading near its daily close of 0.03661 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.32% |
| 3D Change (%) | -13.18% |
| 7D Change (%) | -16.76% |
| 30D Change (%) | -44.77% |
| 90D Change (%) | -54.09% |
| YTD Change (%) | -22.81% |
Over the past three days, DATAUSDT has declined by approximately -13.18%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -16.76%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DATAUSDT maintaining a downward trend of approximately -44.77%, despite intermittent fluctuations. Examining the last 90 days, DATAUSDT has witnessed substantial drop of approximately -54.09%, reflecting strong long-term confidence. Year-to-date, DATAUSDT has steadily dropped by around -22.81%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Streamr Live Chart:
You can access a live price chart for DATA-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 0.61105.
- Momentum score is -0.29501.
DATA USDT Technical Analysis
Streamr Trading Volume:
The trading volume for Streamr (DATA) over the past 24 hours has been insignificant, with approximately 7,808,615.20 USDT traded against DATA. 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): DATA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Streamr is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for DATA-USDT is currently in the low zone, around 36.19614. This suggests that Streamr is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Streamr (DATA-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.
Follow potential bearish trend for Streamr (DATAUSDT) at 3.66e-02 USDT with technical analysis, indicating cautionary indicators and weakened support.
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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.