In this JOE technical analysis, we will examine the current price action, trading volume, key levels and indicators for JOE-BTC. JOE is a decentralized cryptocurrency that utilizes a proof-of-stake consensus algorithm to secure its network and validate transactions. It features fast transaction speeds and low fees, making it an attractive option for users looking for a more efficient and cost-effective digital asset. Additionally, JOE’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.
JOE Price Overview:
As of May 11, 2024, JOE is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for JOE-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 57,427.45 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): JOE reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for JOE-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, JOE is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.50% |
| 3D Change (%) | 1.28% |
| 7D Change (%) | -2.59% |
| 30D Change (%) | -27.15% |
| 90D Change (%) | -22.65% |
| YTD Change (%) | -45.32% |
Over the past three days, JOEBTC has increased by approximately 1.28%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -2.59%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with JOEBTC maintaining a downward trend of approximately -27.15%, despite intermittent fluctuations. Examining the last 90 days, JOEBTC has witnessed substantial fall of approximately -22.65%, reflecting strong long-term confidence. Year-to-date, JOEBTC has steadily depreciated by around -45.32%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
JOE Live Chart:
You can access a live price chart for JOE-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 0.31705.
- Momentum score is -0.0931.
JOE BTC Technical Analysis
JOE Trading Volume:
The trading volume for JOE (JOE) over the past 24 hours has been insignificant, with approximately 57,427.45 BTC traded against JOE. 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): JOE is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): JOE is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for JOE-BTC is currently in the low zone, around 40.89202. This suggests that JOE is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
JOE (JOE-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.
Explore potential downturns for JOE (JOEBTC) at 7.89e-06 BTC, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
Take your understanding to the next level with our extensive analysis of JOE USDT JOE 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.