In this MultiversX technical analysis, we will examine the current price action, trading volume, key levels and indicators for EGLD-USDT. MultiversX is a decentralized platform that leverages blockchain technology to provide a secure and transparent ecosystem for various industries. With its unique features such as interoperability and scalability, MultiversX enables seamless interactions between different blockchains and traditional systems. By utilizing the power of decentralized finance (DeFi), MultiversX empowers users to access a wide range of financial services and tools within a single platform.
MultiversX Price Overview:
As of December 05, 2023, MultiversX is trading at approximately 50.97 USDT. Let’s dive into the detailed price action for EGLD-USDT:
| Metric | Value |
|---|---|
| Open (O) | 52.24 |
| High (H) | 52.29 |
| Low (L) | 48.78 |
| Close (C) | 50.97 |
| Volume (C) | 244,027.28 |
- Open (O): The opening price for today’s trading session was approximately 52.24 USDT.
- High (H): MultiversX reached a daily high of around 52.29 USDT.
- Low (L): The daily low for EGLD-USDT was approximately 48.78 USDT.
- Close (C): At the time of analysis, MultiversX is trading near its daily close of 50.97 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.39% |
| 3D Change (%) | 9.75% |
| 7D Change (%) | 16.05% |
| 30D Change (%) | 5.88% |
| 90D Change (%) | 107.20% |
| YTD Change (%) | 55.40% |
Over the past three days, EGLDUSDT has increased by approximately 9.75%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 16.05%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with EGLDUSDT maintaining an upward trend of approximately 5.88%, despite intermittent fluctuations. Examining the last 90 days, EGLDUSDT has witnessed substantial rise of approximately 107.20%, reflecting strong long-term confidence. Year-to-date, EGLDUSDT has steadily increased by around 55.40%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
MultiversX Live Chart:
You can access a live price chart for EGLD-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 0.83573.
- Momentum score is 0.05879.
EGLD USDT Technical Analysis
MultiversX Trading Volume:
The trading volume for MultiversX (EGLD) over the past 24 hours has been significant, with approximately 244,027.28 USDT traded against EGLD. 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): EGLD is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): MultiversX is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for EGLD-USDT is currently in the high zone, around 62.75628. This suggests that MultiversX is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
MultiversX (EGLD-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 significant trading volume are high signals for potential upward movement.
Unlock potential gains in MultiversX (EGLDUSDT) at 50.97 USDT with bullish technical analysis, showcasing robust support and encouraging indicators.
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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.