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 December 05, 2023, Dego Finance is trading at approximately 1.756 USDT. Let’s dive into the detailed price action for DEGO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.709 |
| High (H) | 1.79 |
| Low (L) | 1.665 |
| Close (C) | 1.756 |
| Volume (C) | 766,013.09 |
- Open (O): The opening price for today’s trading session was approximately 1.709 USDT.
- High (H): Dego Finance reached a daily high of around 1.79 USDT.
- Low (L): The daily low for DEGO-USDT was approximately 1.665 USDT.
- Close (C): At the time of analysis, Dego Finance is trading near its daily close of 1.756 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.75% |
| 3D Change (%) | 1.80% |
| 7D Change (%) | 0.23% |
| 30D Change (%) | 11.99% |
| 90D Change (%) | 30.95% |
| YTD Change (%) | 14.40% |
Over the past three days, DEGOUSDT has increased by approximately 1.80%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 0.23%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DEGOUSDT maintaining an upward trend of approximately 11.99%, despite intermittent fluctuations. Examining the last 90 days, DEGOUSDT has witnessed substantial increase of approximately 30.95%, reflecting strong long-term confidence. Year-to-date, DEGOUSDT has steadily increased by around 14.40%, 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 0.57638.
- Momentum score is 0.1199.
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 766,013.09 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Dego Finance is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for DEGO-USDT is currently in the high zone, around 57.58186. This suggests that Dego Finance is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Dego Finance (DEGO-USDT) is currently exhibiting signs of short-term bullish 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 high RSI and insignificant trading volume are high signals for potential upward movement.
Consider bearish sentiment for Dego Finance (DEGOUSDT) at 1.76 USDT as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.
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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.