DF USDT dForce Technical Analysis

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By Frans van Elst

dForce logo In this dForce technical analysis, we will examine the current price action, trading volume, key levels and indicators for DF-USDT. dForce is a decentralized finance (DeFi) platform that enables users to borrow, lend, and trade assets in a trustless and permissionless manner. The platform utilizes smart contracts to automate the entire process, ensuring efficiency, transparency, and security for all participants. By leveraging blockchain technology and decentralized governance, dForce aims to revolutionize the traditional financial system and provide a more equitable and accessible financial ecosystem for all.

dForce Price Overview:

As of May 03, 2024, dForce is trading at approximately 0.04913 USDT. Let’s dive into the detailed price action for DF-USDT:

Unveil potential setbacks for dForce (DFUSDT) at 4.91e-02 USDT through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.

Metric Value
Open (O) 0.04872
High (H) 0.05011
Low (L) 0.04783
Close (C) 0.04913
Volume (C) 36,264,721.00
  • Open (O): The opening price for today’s trading session was approximately 0.04872 USDT.
  • High (H): dForce reached a daily high of around 0.05011 USDT.
  • Low (L): The daily low for DF-USDT was approximately 0.04783 USDT.
  • Close (C): At the time of analysis, dForce is trading near its daily close of 0.04913 USDT.
Metric Value
1D Change (%) 0.88%
3D Change (%) 7.04%
7D Change (%) 1.13%
30D Change (%) -13.06%
90D Change (%) 22.73%
YTD Change (%) 16.50%

Over the past three days, DFUSDT has risen by approximately 7.04%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 1.13%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DFUSDT maintaining a downward trend of approximately -13.06%, despite intermittent fluctuations. Examining the last 90 days, DFUSDT has witnessed substantial increase of approximately 22.73%, reflecting strong long-term confidence. Year-to-date, DFUSDT has steadily appreciated by around 16.50%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

dForce Live Chart:

You can access a live price chart for DF-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 0.77195.
  • Momentum score is -0.07772.

DF USDT Technical Analysis

dForce Trading Volume:

The trading volume for dForce (DF) over the past 24 hours has been significant, with approximately 36,264,721.00 USDT traded against DF. 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): DF is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): dForce is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for DF-USDT is currently in the neutral zone, around 46.98767. This suggests that dForce is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

dForce (DF-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 significant trading volume are neutral signals for potential sideways movement.

Unveil potential setbacks for dForce (DFUSDT) at 4.91e-02 USDT through technical analysis, showcasing bearish trends, 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.

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