In this DODO technical analysis, we will examine the current price action, trading volume, key levels and indicators for DODO-BTC. DODO is a decentralized exchange (DEX) built on the Ethereum blockchain that utilizes an automated market maker (AMM) to provide liquidity for users. This innovative platform offers a unique trading experience with no order books, no slippage, and no front-running, allowing users to trade directly with the liquidity pool. With its focus on security, scalability, and user experience, DODO is poised to revolutionize the way we think about decentralized trading.
DODO Price Overview:
As of May 18, 2024, DODO is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for DODO-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 19,482.60 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): DODO reached a daily high of around 0.0 BTC.
- Low (L): The daily low for DODO-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, DODO is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.73% |
| 3D Change (%) | -0.37% |
| 7D Change (%) | -9.06% |
| 30D Change (%) | 11.98% |
| 90D Change (%) | -25.75% |
| YTD Change (%) | -42.71% |
Over the past three days, DODOBTC has decreased by approximately -0.37%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -9.06%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DODOBTC maintaining an upward trend of approximately 11.98%, despite intermittent fluctuations. Examining the last 90 days, DODOBTC has witnessed substantial drop of approximately -25.75%, reflecting strong long-term confidence. Year-to-date, DODOBTC has steadily decreased by around -42.71%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
DODO Live Chart:
You can access a live price chart for DODO-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 0.41119.
- Momentum score is -0.04912.
DODO BTC Technical Analysis
DODO Trading Volume:
The trading volume for DODO (DODO) over the past 24 hours has been insignificant, with approximately 19,482.60 BTC traded against DODO. 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): DODO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): DODO is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for DODO-BTC is currently in the low zone, around 43.60648. This suggests that DODO is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
DODO (DODO-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 low RSI and insignificant trading volume are low signals for potential downward movement.
Unveil potential setbacks for DODO (DODOBTC) at 2.71e-06 BTC through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.
Don’t skip our thorough exploration of DODO USDT DODO 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.