In this Dego Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for DEGO-BTC. Sure, here are three sentences about Dego Finance (DEGO) cryptocurrency: Dego Finance (DEGO) is a decentralized finance (DeFi) platform that leverages blockchain technology to provide users with a range of financial services, including lending, borrowing, and trading. DEGO’s novel consensus algorithm ensures fast and secure transactions, while its innovative governance model allows holders of the DEGO token to have a say in the direction of the platform. With a focus on transparency, security, and community involvement, Dego Finance is poised to revolutionize the DeFi landscape.
Dego Finance Price Overview:
As of October 03, 2023, Dego Finance is trading at approximately 5e-05 BTC. Let’s dive into the detailed price action for DEGO-BTC:
| Metric | Value |
|---|---|
| Open (O) | 5e-05 |
| High (H) | 5e-05 |
| Low (L) | 5e-05 |
| Close (C) | 5e-05 |
| Volume (C) | 11,392.08 |
- Open (O): The opening price for today’s trading session was approximately 5e-05 BTC.
- High (H): Dego Finance reached a daily high of around 5e-05 BTC.
- Low (L): The daily low for DEGO-BTC was approximately 5e-05 BTC.
- Close (C): At the time of analysis, Dego Finance is trading near its daily close of 5e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.18% |
| 3D Change (%) | -1.49% |
| 7D Change (%) | -3.27% |
| 30D Change (%) | -5.67% |
| 90D Change (%) | -2.07% |
| YTD Change (%) | -47.41% |
Over the past three days, DEGOBTC has declined by approximately -1.49%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -3.27%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DEGOBTC maintaining a downward trend of approximately -5.67%, despite intermittent fluctuations. Examining the last 90 days, DEGOBTC has witnessed substantial drop of approximately -2.07%, reflecting strong long-term confidence. Year-to-date, DEGOBTC has steadily decreased by around -47.41%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Dego Finance Live Chart:
You can access a live price chart for DEGO-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 0.29043.
- Momentum score is -0.05668.
DEGO BTC Technical Analysis
Dego Finance Trading Volume:
The trading volume for Dego Finance (DEGO) over the past 24 hours has been insignificant, with approximately 11,392.08 BTC traded against DEGO. 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): DEGO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Dego Finance is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for DEGO-BTC is currently in the neutral zone, around 46.04315. This suggests that Dego Finance is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Dego Finance (DEGO-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.
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.
