DEGO USDT Dego Finance Technical Analysis

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By Frans van Elst

Dego Finance logo In this Dego Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for DEGO-USDT. Dego Finance is a decentralized finance platform that utilizes blockchain technology to provide users with a wide range of financial services, including lending, borrowing, and trading. DEGO is the native cryptocurrency of the platform, and it serves as a medium of exchange for all transactions within the ecosystem. With its innovative features and user-friendly interface, Dego Finance is poised to revolutionize the way we think about finance and investing.

Dego Finance Price Overview:

As of May 21, 2024, Dego Finance is trading at approximately 2.38 USDT. Let’s dive into the detailed price action for DEGO-USDT:

Explore Dego Finance’s (DEGOUSDT) potential for growth at 2.38 USDT as technical analysis leans bullish, emphasizing strong support and promising indicators.

Metric Value
Open (O) 2.332
High (H) 2.404
Low (L) 2.3
Close (C) 2.38
Volume (C) 462,309.87
  • Open (O): The opening price for today’s trading session was approximately 2.332 USDT.
  • High (H): Dego Finance reached a daily high of around 2.404 USDT.
  • Low (L): The daily low for DEGO-USDT was approximately 2.3 USDT.
  • Close (C): At the time of analysis, Dego Finance is trading near its daily close of 2.38 USDT.
Metric Value
1D Change (%) 2.06%
3D Change (%) 6.54%
7D Change (%) 17.36%
30D Change (%) 3.07%
90D Change (%) 4.29%
YTD Change (%) -9.98%

Over the past three days, DEGOUSDT has increased by approximately 6.54%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 17.36%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DEGOUSDT maintaining an upward trend of approximately 3.07%, despite intermittent fluctuations. Examining the last 90 days, DEGOUSDT has witnessed substantial increase of approximately 4.29%, reflecting strong long-term confidence. Year-to-date, DEGOUSDT has steadily declined by around -9.98%, 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-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 0.5425.
  • Momentum score is 0.16724.

DEGO USDT Technical Analysis

Dego Finance Trading Volume:

The trading volume for Dego Finance (DEGO) over the past 24 hours has been insignificant, with approximately 462,309.87 USDT 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-USDT is currently in the neutral zone, around 48.91198. This suggests that Dego Finance is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Dego Finance (DEGO-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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Explore Dego Finance’s (DEGOUSDT) potential for growth at 2.38 USDT as technical analysis leans bullish, emphasizing strong support and promising indicators.

Don’t skip our thorough exploration of DEGO BTC Dego Finance Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.

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.

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