In this FIO Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for FIO-USDT. FIO Protocol is a decentralized finance (DeFi) platform that enables users to borrow, lend, and earn interest on their digital assets in a trustless and permissionless manner. By leveraging smart contract technology, FIO streamlines the process of obtaining financial services, eliminating intermediaries and reducing costs for all parties involved. With its innovative approach to DeFi, FIO is poised to revolutionize the way we think about traditional finance.
FIO Protocol Price Overview:
As of July 06, 2024, FIO Protocol is trading at approximately 0.02192 USDT. Let’s dive into the detailed price action for FIO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.02151 |
| High (H) | 0.02206 |
| Low (L) | 0.02137 |
| Close (C) | 0.02192 |
| Volume (C) | 13,948,011.00 |
- Open (O): The opening price for today’s trading session was approximately 0.02151 USDT.
- High (H): FIO Protocol reached a daily high of around 0.02206 USDT.
- Low (L): The daily low for FIO-USDT was approximately 0.02137 USDT.
- Close (C): At the time of analysis, FIO Protocol is trading near its daily close of 0.02192 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.76% |
| 3D Change (%) | -7.51% |
| 7D Change (%) | -10.38% |
| 30D Change (%) | -39.08% |
| 90D Change (%) | -54.78% |
| YTD Change (%) | -21.69% |
Over the past three days, FIOUSDT has decreased by approximately -7.51%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -10.38%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FIOUSDT maintaining a downward trend of approximately -39.08%, despite intermittent fluctuations. Examining the last 90 days, FIOUSDT has witnessed substantial drop of approximately -54.78%, reflecting strong long-term confidence. Year-to-date, FIOUSDT has steadily dropped by around -21.69%, 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-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 0.61253.
- Momentum score is -0.24544.
FIO USDT Technical Analysis
FIO Protocol Trading Volume:
The trading volume for FIO Protocol (FIO) over the past 24 hours has been insignificant, with approximately 13,948,011.00 USDT 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-USDT is currently in the low zone, around 36.76238. This suggests that FIO Protocol is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
FIO Protocol (FIO-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 low RSI and insignificant trading volume are low signals for potential downward movement.
Unveil potential setbacks for FIO Protocol (FIOUSDT) at 2.19e-02 USDT through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.
Take the next step in your exploration by delving into our detailed insights on FIO BTC FIO Protocol Technical Analysis; it’s a natural follow-up if you enjoyed this post.
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.