In this Moonriver technical analysis, we will examine the current price action, trading volume, key levels and indicators for MOVR-USDT. Moonriver is a decentralized cryptocurrency that utilizes a proof-of-stake consensus algorithm, which allows for faster and more energy-efficient transactions compared to traditional proof-of-work algorithms. Moonriver’s unique features include its use of a “smart contract” system, which enables the creation of complex financial instruments and decentralized applications. Additionally, Moonriver has implemented a novel governance mechanism that allows holders of the cryptocurrency to vote on proposals for its development and growth.
Moonriver Price Overview:
As of September 22, 2023, Moonriver is trading at approximately 3.83 USDT. Let’s dive into the detailed price action for MOVR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 3.84 |
| High (H) | 3.91 |
| Low (L) | 3.75 |
| Close (C) | 3.83 |
| Volume (C) | 176,930.28 |
- Open (O): The opening price for today’s trading session was approximately 3.84 USDT.
- High (H): Moonriver reached a daily high of around 3.91 USDT.
- Low (L): The daily low for MOVR-USDT was approximately 3.75 USDT.
- Close (C): At the time of analysis, Moonriver is trading near its daily close of 3.83 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.26% |
| 3D Change (%) | -4.49% |
| 7D Change (%) | -4.96% |
| 30D Change (%) | -14.32% |
| 90D Change (%) | -33.39% |
| YTD Change (%) | -37.82% |
Over the past three days, MOVRUSDT has decreased by approximately -4.49%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -4.96%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MOVRUSDT maintaining a downward trend of approximately -14.32%, despite intermittent fluctuations. Examining the last 90 days, MOVRUSDT has witnessed substantial decrease of approximately -33.39%, reflecting strong long-term confidence. Year-to-date, MOVRUSDT has steadily declined by around -37.82%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Moonriver Live Chart:
You can access a live price chart for MOVR-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 0.43464.
- Momentum score is -0.14318.
MOVR USDT Technical Analysis
Moonriver Trading Volume:
The trading volume for Moonriver (MOVR) over the past 24 hours has been significant, with approximately 176,930.28 USDT traded against MOVR. 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): MOVR is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Moonriver is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for MOVR-USDT is currently in the low zone, around 40.04999. This suggests that Moonriver is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Moonriver (MOVR-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 significant trading volume are low signals for potential downward 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.
