In this Everest technical analysis, we will examine the current price action, trading volume, key levels and indicators for ID-BTC. Everest is a decentralized identity platform that leverages blockchain technology to provide secure and private identity verification for individuals and businesses. With Everest, users can maintain control over their personal information and consent to share it with third parties as needed. The platform utilizes smart contracts to ensure seamless and secure transactions, enabling a wide range of applications from financial services to supply chain management.
Everest Price Overview:
As of May 13, 2024, Everest is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for ID-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 76,024.00 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Everest reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for ID-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Everest is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.81% |
| 3D Change (%) | -6.03% |
| 7D Change (%) | -7.37% |
| 30D Change (%) | 8.01% |
| 90D Change (%) | -6.43% |
| YTD Change (%) | 56.21% |
Over the past three days, IDBTC has declined by approximately -6.03%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -7.37%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with IDBTC maintaining an upward trend of approximately 8.01%, despite intermittent fluctuations. Examining the last 90 days, IDBTC has witnessed substantial decrease of approximately -6.43%, reflecting strong long-term confidence. Year-to-date, IDBTC has steadily appreciated by around 56.21%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Everest Live Chart:
You can access a live price chart for ID-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 0.44043.
- Momentum score is -0.12845.
ID BTC Technical Analysis
Everest Trading Volume:
The trading volume for Everest (ID) over the past 24 hours has been insignificant, with approximately 76,024.00 BTC traded against ID. 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): ID is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Everest is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ID-BTC is currently in the low zone, around 44.398. This suggests that Everest is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Everest (ID-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 low RSI and insignificant trading volume are low signals for potential downward movement.
Envision bearish outlook for Everest (IDBTC) at 1.11e-05 BTC with weakened support and cautionary indicators, revealed in technical analysis.
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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.