In this Everest technical analysis, we will examine the current price action, trading volume, key levels and indicators for ID-USDT. Everest is a decentralized cryptocurrency that utilizes a proof-of-stake consensus algorithm to secure its network and validate transactions. It features fast and low-cost transactions, making it an attractive option for users looking for a more efficient digital asset experience. Additionally, Everest’s unique governance model allows holders of the cryptocurrency to have a say in the direction of the project through voting mechanisms, ensuring that the needs of the community are always at the forefront of development decisions.
Everest Price Overview:
As of July 06, 2024, Everest is trading at approximately 0.3671 USDT. Let’s dive into the detailed price action for ID-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.3564 |
| High (H) | 0.369 |
| Low (L) | 0.3532 |
| Close (C) | 0.3671 |
| Volume (C) | 2,335,606.00 |
- Open (O): The opening price for today’s trading session was approximately 0.3564 USDT.
- High (H): Everest reached a daily high of around 0.369 USDT.
- Low (L): The daily low for ID-USDT was approximately 0.3532 USDT.
- Close (C): At the time of analysis, Everest is trading near its daily close of 0.3671 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.94% |
| 3D Change (%) | -14.83% |
| 7D Change (%) | -15.92% |
| 30D Change (%) | -50.14% |
| 90D Change (%) | -60.63% |
| YTD Change (%) | 22.27% |
Over the past three days, IDUSDT has declined by approximately -14.83%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -15.92%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with IDUSDT maintaining a downward trend of approximately -50.14%, despite intermittent fluctuations. Examining the last 90 days, IDUSDT has witnessed substantial fall of approximately -60.63%, reflecting strong long-term confidence. Year-to-date, IDUSDT has steadily increased by around 22.27%, 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-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 0.7555.
- Momentum score is -0.34854.
ID USDT Technical Analysis
Everest Trading Volume:
The trading volume for Everest (ID) over the past 24 hours has been insignificant, with approximately 2,335,606.00 USDT 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-USDT is currently in the low zone, around 32.14877. This suggests that Everest is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Everest (ID-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.
Envision bearish outlook for Everest (IDUSDT) at 3.67e-01 USDT with weakened support and cautionary indicators, revealed in technical analysis.
Take your understanding to the next level with our extensive analysis of ID BTC Everest Technical Analysis; if you enjoyed this post, you’re in for a treat!
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.