In this ForTube technical analysis, we will examine the current price action, trading volume, key levels and indicators for FOR-USDT. ForTube (FOR) is a decentralized video-sharing platform that leverages blockchain technology to incentivize content creators and reward viewers with cryptocurrency. The platform utilizes a token-based system to facilitate transactions, ensuring transparency and fairness for all stakeholders. With FOR, content creators can monetize their videos directly, while viewers can enjoy high-quality content without the need for ads or subscription fees.
ForTube Price Overview:
As of April 24, 2024, ForTube is trading at approximately 0.02158 USDT. Let’s dive into the detailed price action for FOR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.02223 |
| High (H) | 0.02286 |
| Low (L) | 0.0215 |
| Close (C) | 0.02158 |
| Volume (C) | 60,389,491.00 |
- Open (O): The opening price for today’s trading session was approximately 0.02223 USDT.
- High (H): ForTube reached a daily high of around 0.02286 USDT.
- Low (L): The daily low for FOR-USDT was approximately 0.0215 USDT.
- Close (C): At the time of analysis, ForTube is trading near its daily close of 0.02158 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.05% |
| 3D Change (%) | -2.22% |
| 7D Change (%) | 7.04% |
| 30D Change (%) | -36.68% |
| 90D Change (%) | 7.63% |
| YTD Change (%) | -4.81% |
Over the past three days, FORUSDT has fallen by approximately -2.22%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 7.04%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FORUSDT maintaining a downward trend of approximately -36.68%, despite intermittent fluctuations. Examining the last 90 days, FORUSDT has witnessed substantial rise of approximately 7.63%, reflecting strong long-term confidence. Year-to-date, FORUSDT has steadily declined by around -4.81%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
ForTube Live Chart:
You can access a live price chart for FOR-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 0.88581.
- Momentum score is -0.18689.
FOR USDT Technical Analysis
ForTube Trading Volume:
The trading volume for ForTube (FOR) over the past 24 hours has been insignificant, with approximately 60,389,491.00 USDT 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-USDT is currently in the low zone, around 43.52237. This suggests that ForTube is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
ForTube (FOR-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.
ForTube (FORUSDT) poised for growth at 2.16e-02 USDT, as bullish technical analysis reveals robust support and promising indicators.
Discover even more by checking out our comprehensive analysis on FOR BTC ForTube Technical Analysis — a perfect 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.