OOKI USDT Ooki Technical Analysis

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By Frans van Elst

Ooki logo In this Ooki technical analysis, we will examine the current price action, trading volume, key levels and indicators for OOKI-USDT. Ooki is a decentralized exchange (DEX) built on the Ethereum blockchain that enables users to trade a variety of assets directly from their wallets without relying on intermediaries. With Ooki, users can enjoy faster and more secure trading experiences while maintaining full control over their assets. Additionally, Ooki’s innovative liquidity pool model ensures that traders have access to deep liquidity and competitive prices, making it an attractive option for both beginners and experienced traders alike.

Ooki Price Overview:

As of May 16, 2024, Ooki is trading at approximately 0.00223 USDT. Let’s dive into the detailed price action for OOKI-USDT:

Follow potential bearish trend for Ooki (OOKIUSDT) at 2.23e-03 USDT with technical analysis, indicating cautionary indicators and weakened support.

Metric Value
Open (O) 0.00228
High (H) 0.00236
Low (L) 0.0022
Close (C) 0.00223
Volume (C) 596,204,012.00
  • Open (O): The opening price for today’s trading session was approximately 0.00228 USDT.
  • High (H): Ooki reached a daily high of around 0.00236 USDT.
  • Low (L): The daily low for OOKI-USDT was approximately 0.0022 USDT.
  • Close (C): At the time of analysis, Ooki is trading near its daily close of 0.00223 USDT.
Metric Value
1D Change (%) -2.45%
3D Change (%) 1.64%
7D Change (%) -0.85%
30D Change (%) -8.43%
90D Change (%) 9.76%
YTD Change (%) -0.45%

Over the past three days, OOKIUSDT has risen by approximately 1.64%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -0.85%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with OOKIUSDT maintaining a downward trend of approximately -8.43%, despite intermittent fluctuations. Examining the last 90 days, OOKIUSDT has witnessed substantial increase of approximately 9.76%, reflecting strong long-term confidence. Year-to-date, OOKIUSDT has steadily dropped by around -0.45%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Ooki Live Chart:

You can access a live price chart for OOKI-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 0.65105.
  • Momentum score is -0.05755.

OOKI USDT Technical Analysis

Ooki Trading Volume:

The trading volume for Ooki (OOKI) over the past 24 hours has been insignificant, with approximately 596,204,012.00 USDT traded against OOKI. 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): OOKI is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Ooki is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for OOKI-USDT is currently in the neutral zone, around 45.65503. This suggests that Ooki is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Ooki (OOKI-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.

Follow potential bearish trend for Ooki (OOKIUSDT) at 2.23e-03 USDT with technical analysis, indicating cautionary indicators and weakened support.

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.

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