In this ForTube technical analysis, we will examine the current price action, trading volume, key levels and indicators for FOR-BTC. ForTube (FOR) is a decentralized video-sharing platform that utilizes blockchain technology to provide users with an ad-free and censorship-resistant experience. The platform rewards content creators with FOR tokens for their contributions, creating a sustainable ecosystem for high-quality video content. With its innovative approach to video sharing and monetization, ForTube is poised to disrupt the traditional video hosting industry.
ForTube Price Overview:
As of July 08, 2024, ForTube is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for FOR-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 746,030.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): ForTube reached a daily high of around 0.0 BTC.
- Low (L): The daily low for FOR-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, ForTube is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.00% |
| 3D Change (%) | 4.76% |
| 7D Change (%) | -12.00% |
| 30D Change (%) | -18.52% |
| 90D Change (%) | -40.54% |
| YTD Change (%) | -59.26% |
Over the past three days, FORBTC has experienced a notable increase of approximately 4.76%, indicating heightened market volatility. In contrast, its performance over the last week has been marked by a decline of around -12.00%, suggesting a decrease in investor interest. A 30-day analysis provides a more comprehensive view, revealing a downward trend of approximately -18.52%. Looking further back, FORBTC has seen a significant drop of around -40.54% over the past 90 days, reflecting a loss of long-term confidence. Year-to-date, FORBTC has continued to depreciate steadily by approximately -59.26%.
ForTube Live Chart:
You can access a live price chart for FOR-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 0.72806.
- Momentum score is -0.08333.
FOR BTC Technical Analysis
ForTube Trading Volume:
The trading volume for ForTube (FOR) over the past 24 hours has been insignificant, with approximately 746,030.00 BTC traded against FOR. 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): FOR is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): ForTube is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for FOR-BTC is currently in the low zone, around 40.04523. This suggests that ForTube is in bearish territory.
Analysis from TradingView:
Our Key Takeaways: ForTube (FOR-BTC) is currently displaying short-term bearish momentum, with key support and resistance levels drawing attention. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities to emerge. Furthermore, the low RSI reading and insignificant trading volume are indicative of potential downward movement.
ForTube (FORBTC) faces challenges, trading at 2.20e-07 BTC, as technical analysis signals weakened support and cautionary 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.