In this SelfKey technical analysis, we will examine the current price action, trading volume, key levels and indicators for KEY-USDT. SelfKey is a decentralized identity verification platform that leverages blockchain technology to provide secure and private identity management solutions. By utilizing smart contracts and biometric authentication, SelfKey enables individuals and organizations to maintain control over their personal information while ensuring compliance with regulatory requirements. With its innovative approach to identity verification, SelfKey is poised to revolutionize the way we think about digital identity.
SelfKey Price Overview:
As of May 11, 2024, SelfKey is trading at approximately 0.00693 USDT. Let’s dive into the detailed price action for KEY-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.00682 |
| High (H) | 0.00699 |
| Low (L) | 0.00677 |
| Close (C) | 0.00693 |
| Volume (C) | 76,767,445.00 |
- Open (O): The opening price for today’s trading session was approximately 0.00682 USDT.
- High (H): SelfKey reached a daily high of around 0.00699 USDT.
- Low (L): The daily low for KEY-USDT was approximately 0.00677 USDT.
- Close (C): At the time of analysis, SelfKey is trading near its daily close of 0.00693 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.58% |
| 3D Change (%) | -0.65% |
| 7D Change (%) | -1.98% |
| 30D Change (%) | -27.70% |
| 90D Change (%) | 26.97% |
| YTD Change (%) | 8.69% |
Over the past three days, KEYUSDT has declined by approximately -0.65%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -1.98%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with KEYUSDT maintaining a downward trend of approximately -27.70%, despite intermittent fluctuations. Examining the last 90 days, KEYUSDT has witnessed substantial rise of approximately 26.97%, reflecting strong long-term confidence. Year-to-date, KEYUSDT has steadily appreciated by around 8.69%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
SelfKey Live Chart:
You can access a live price chart for KEY-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 0.5233.
- Momentum score is -0.08912.
KEY USDT Technical Analysis
SelfKey Trading Volume:
The trading volume for SelfKey (KEY) over the past 24 hours has been insignificant, with approximately 76,767,445.00 USDT traded against KEY. 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): KEY is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): SelfKey is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for KEY-USDT is currently in the neutral zone, around 46.27107. This suggests that SelfKey is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
SelfKey (KEY-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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Explore potential downturns for SelfKey (KEYUSDT) at 6.93e-03 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
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.