This technical analysis of Hashflow, focusing on the HFT-BTC pair, will delve into current price action, trading volume, key levels, and indicators. Hashflow, a blockchain-based platform, enables developers to create decentralized applications (dApps) with ease and speed. Its innovative consensus algorithm, Proof of Bluetooth (PoB), ensures fast transaction finality and low energy consumption. With Hashflow, developers can focus on building innovative dApps without worrying about the underlying infrastructure.
Hashflow Price Overview:
As of July 19, 2024, Hashflow is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for HFT-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 20,553.20 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Hashflow reached a daily high of around 0.0 BTC.
- Low (L): The daily low for HFT-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Hashflow is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.66% |
| 3D Change (%) | -0.97% |
| 7D Change (%) | -2.24% |
| 30D Change (%) | -5.26% |
| 90D Change (%) | -39.04% |
| YTD Change (%) | -65.23% |
Over the past three days, HFTBTC has experienced a decline of approximately -0.97%, indicating increased market volatility. This downward trend continued throughout the week, with a loss of around -2.24%, suggesting waning investor interest. A 30-day analysis provides a more comprehensive view, revealing a consistent downward trajectory of approximately -5.26%. Looking at the last 90 days, HFTBTC has seen a substantial decline of around -39.04%, reflecting a significant loss of long-term confidence. Year-to-date, HFTBTC has steadily dropped by approximately -65.23%.
Hashflow Live Chart:
You can access a live price chart for HFT-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 0.45604.
- Momentum score is -0.11047.
HFT BTC Technical Analysis
Hashflow Trading Volume:
The trading volume for Hashflow (HFT) over the past 24 hours has been insignificant, with approximately 20,553.20 BTC traded against HFT. 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): HFT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Hashflow is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for HFT-BTC is currently in the low zone, around 37.98024. This suggests that Hashflow is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Hashflow (HFT-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. Furthermore, the low RSI and insignificant trading volume are indicative of a potential downward trend.
Explore Hashflow’s (HFTBTC) potential setbacks at 3.06e-06 BTC through bearish technical analysis, emphasizing 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.