In this FIO Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for FIO-BTC. The FIO Protocol is a decentralized cryptocurrency that utilizes a unique naming system for addresses, allowing for simpler and more intuitive transactions. This innovative approach simplifies the process of sending and receiving funds, making it easier for new users to join the network. With its streamlined transaction process and user-friendly interface, FIO has the potential to revolutionize the way we think about cryptocurrency.
FIO Protocol Price Overview:
As of October 02, 2023, FIO Protocol is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for FIO-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 3,743,570.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): FIO Protocol reached a daily high of around 0.0 BTC.
- Low (L): The daily low for FIO-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, FIO Protocol is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.74% |
| 3D Change (%) | 1.43% |
| 7D Change (%) | -2.74% |
| 30D Change (%) | 0.00% |
| 90D Change (%) | -1.39% |
| YTD Change (%) | -56.44% |
Over the past three days, FIOBTC has increased by approximately 1.43%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -2.74%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FIOBTC maintaining a downward trend of approximately 0.00%, despite intermittent fluctuations. Examining the last 90 days, FIOBTC has witnessed substantial fall of approximately -1.39%, reflecting strong long-term confidence. Year-to-date, FIOBTC has steadily depreciated by around -56.44%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
FIO Protocol Live Chart:
You can access a live price chart for FIO-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 0.38355.
- Momentum score is 0.0.
FIO BTC Technical Analysis
FIO Protocol Trading Volume:
The trading volume for FIO Protocol (FIO) over the past 24 hours has been significant, with approximately 3,743,570.00 BTC traded against FIO. 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): FIO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): FIO Protocol is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for FIO-BTC is currently in the neutral zone, around 49.7117. This suggests that FIO Protocol is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
FIO Protocol (FIO-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 neutral RSI and significant 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.
