In this Komodo technical analysis, we will examine the current price action, trading volume, key levels and indicators for KMD-USDT. Komodo (KMD) is a decentralized platform that enables the creation of custom blockchains, also known as “dApps” or decentralized applications. These dApps can be built on top of Komodo’s main chain, providing a secure and reliable infrastructure for a wide range of use cases, from financial services to gaming and social media. With its innovative architecture and flexible governance model, Komodo has the potential to revolutionize the way decentralized applications are built and deployed.
Komodo Price Overview:
As of October 02, 2023, Komodo is trading at approximately 0.2196 USDT. Let’s dive into the detailed price action for KMD-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2241 |
| High (H) | 0.2254 |
| Low (L) | 0.2183 |
| Close (C) | 0.2196 |
| Volume (C) | 1,333,076.00 |
- Open (O): The opening price for today’s trading session was approximately 0.2241 USDT.
- High (H): Komodo reached a daily high of around 0.2254 USDT.
- Low (L): The daily low for KMD-USDT was approximately 0.2183 USDT.
- Close (C): At the time of analysis, Komodo is trading near its daily close of 0.2196 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.05% |
| 3D Change (%) | -1.13% |
| 7D Change (%) | -1.26% |
| 30D Change (%) | 4.87% |
| 90D Change (%) | -14.52% |
| YTD Change (%) | 23.37% |
Over the past three days, KMDUSDT has declined by approximately -1.13%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -1.26%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with KMDUSDT maintaining an upward trend of approximately 4.87%, despite intermittent fluctuations. Examining the last 90 days, KMDUSDT has witnessed substantial fall of approximately -14.52%, reflecting strong long-term confidence. Year-to-date, KMDUSDT has steadily appreciated by around 23.37%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Komodo Live Chart:
You can access a live price chart for KMD-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 0.45177.
- Momentum score is 0.04871.
KMD USDT Technical Analysis
Komodo Trading Volume:
The trading volume for Komodo (KMD) over the past 24 hours has been insignificant, with approximately 1,333,076.00 USDT traded against KMD. 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): KMD is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Komodo is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for KMD-USDT is currently in the neutral zone, around 48.61273. This suggests that Komodo is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Komodo (KMD-USDT) is currently exhibiting signs of short-term bullish 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.
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.
