In this JOE technical analysis, we will examine the current price action, trading volume, key levels and indicators for JOE-USDT. JOE is a decentralized cryptocurrency that utilizes a proof-of-stake consensus algorithm to secure its network and validate transactions. It features fast transaction times and low fees, making it an attractive option for those looking for a reliable and efficient digital asset. Additionally, JOE’s unique governance structure allows holders of the cryptocurrency to have a say in the direction of the project through voting mechanisms, giving users a sense of ownership and control over its development.
JOE Price Overview:
As of June 29, 2024, JOE is trading at approximately 0.332 USDT. Let’s dive into the detailed price action for JOE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.3365 |
| High (H) | 0.3422 |
| Low (L) | 0.3308 |
| Close (C) | 0.332 |
| Volume (C) | 1,636,576.86 |
- Open (O): The opening price for today’s trading session was approximately 0.3365 USDT.
- High (H): JOE reached a daily high of around 0.3422 USDT.
- Low (L): The daily low for JOE-USDT was approximately 0.3308 USDT.
- Close (C): At the time of analysis, JOE is trading near its daily close of 0.332 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.40% |
| 3D Change (%) | -0.93% |
| 7D Change (%) | 4.21% |
| 30D Change (%) | -30.35% |
| 90D Change (%) | -62.27% |
| YTD Change (%) | -45.49% |
Over the past three days, JOEUSDT has declined by approximately -0.93%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 4.21%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with JOEUSDT maintaining a downward trend of approximately -30.35%, despite intermittent fluctuations. Examining the last 90 days, JOEUSDT has witnessed substantial drop of approximately -62.27%, reflecting strong long-term confidence. Year-to-date, JOEUSDT has steadily dropped by around -45.49%, 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-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 0.62551.
- Momentum score is -0.17041.
JOE USDT Technical Analysis
JOE Trading Volume:
The trading volume for JOE (JOE) over the past 24 hours has been insignificant, with approximately 1,636,576.86 USDT 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-USDT is currently in the low zone, around 39.26269. This suggests that JOE is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
JOE (JOE-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.
Acknowledge potential headwinds for JOE (JOEUSDT) at 3.32e-01 USDT through bearish technical analysis, featuring 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.