OXT USDT Orchid Protocol Technical Analysis

Orchid Protocol logo In this Orchid Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for OXT-USDT. Sure, here are three sentences about Orchid Protocol (OXT) cryptocurrency: Orchid Protocol (OXT) is a decentralized privacy-preserving cryptocurrency that utilizes a novel proof-of-stake consensus algorithm to secure its network. OXT’s innovative design allows for enhanced security and scalability, making it an attractive option for users seeking a more private and secure cryptocurrency experience. With Orchid Protocol, users can enjoy the benefits of decentralized finance (DeFi) while maintaining their privacy and control over their digital assets.

Orchid Protocol Price Overview:

As of October 03, 2023, Orchid Protocol is trading at approximately 0.0666 USDT. Let’s dive into the detailed price action for OXT-USDT:

Metric Value
Open (O) 0.0697
High (H) 0.074
Low (L) 0.0664
Close (C) 0.0666
Volume (C) 85,884,491.00
  • Open (O): The opening price for today’s trading session was approximately 0.0697 USDT.
  • High (H): Orchid Protocol reached a daily high of around 0.074 USDT.
  • Low (L): The daily low for OXT-USDT was approximately 0.0664 USDT.
  • Close (C): At the time of analysis, Orchid Protocol is trading near its daily close of 0.0666 USDT.
Metric Value
1D Change (%) -4.45%
3D Change (%) -6.85%
7D Change (%) 5.88%
30D Change (%) 2.62%
90D Change (%) 23.56%
YTD Change (%) -1.19%

Over the past three days, OXTUSDT has fallen by approximately -6.85%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 5.88%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with OXTUSDT maintaining an upward trend of approximately 2.62%, despite intermittent fluctuations. Examining the last 90 days, OXTUSDT has witnessed substantial rise of approximately 23.56%, reflecting strong long-term confidence. Year-to-date, OXTUSDT has steadily depreciated by around -1.19%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Orchid Protocol Live Chart:

You can access a live price chart for OXT-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 1.05607.
  • Momentum score is 0.02619.

OXT USDT Technical Analysis

Orchid Protocol Trading Volume:

The trading volume for Orchid Protocol (OXT) over the past 24 hours has been significant, with approximately 85,884,491.00 USDT traded against OXT. 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): OXT is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Orchid Protocol is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for OXT-USDT is currently in the neutral zone, around 52.07492. This suggests that Orchid Protocol is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Orchid Protocol (OXT-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 significant 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.