ELF USDT aelf Technical Analysis

aelf logo In this aelf technical analysis, we will examine the current price action, trading volume, key levels and indicators for ELF-USDT. Sure, here are three sentences about Aelf (ELF) cryptocurrency: Aelf is a decentralized blockchain platform that enables the development of scalable and interoperable dApps, with a focus on enterprise adoption. Its native cryptocurrency, ELF, serves as a governance token for the network and incentivizes participation in its proof-of-contribution consensus algorithm. With Aelf’s unique multi-chain architecture and modular design, developers can build and deploy dApps with ease, unlocking new use cases and applications for blockchain technology.

aelf Price Overview:

As of October 03, 2023, aelf is trading at approximately 0.3434 USDT. Let’s dive into the detailed price action for ELF-USDT:

Metric Value
Open (O) 0.3555
High (H) 0.3555
Low (L) 0.3405
Close (C) 0.3434
Volume (C) 1,921,071.00
  • Open (O): The opening price for today’s trading session was approximately 0.3555 USDT.
  • High (H): aelf reached a daily high of around 0.3555 USDT.
  • Low (L): The daily low for ELF-USDT was approximately 0.3405 USDT.
  • Close (C): At the time of analysis, aelf is trading near its daily close of 0.3434 USDT.
Metric Value
1D Change (%) -3.35%
3D Change (%) -5.24%
7D Change (%) -5.32%
30D Change (%) 11.02%
90D Change (%) 24.92%
YTD Change (%) 119.71%

Over the past three days, ELFUSDT has declined by approximately -5.24%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -5.32%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ELFUSDT maintaining an upward trend of approximately 11.02%, despite intermittent fluctuations. Examining the last 90 days, ELFUSDT has witnessed substantial rise of approximately 24.92%, reflecting strong long-term confidence. Year-to-date, ELFUSDT has steadily increased by around 119.71%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

aelf Live Chart:

You can access a live price chart for ELF-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 0.59976.
  • Momentum score is 0.11025.

ELF USDT Technical Analysis

aelf Trading Volume:

The trading volume for aelf (ELF) over the past 24 hours has been insignificant, with approximately 1,921,071.00 USDT traded against ELF. 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): ELF is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): aelf is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for ELF-USDT is currently in the neutral zone, around 52.22875. This suggests that aelf is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

aelf (ELF-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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

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.