In this PlayDapp technical analysis, we will examine the current price action, trading volume, key levels and indicators for PLA-USDT. Sure, here are three sentences about PlayDapp (PLA) cryptocurrency: PlayDapp (PLA) is a decentralized gaming platform that leverages blockchain technology to provide a secure and transparent gaming experience. With PLA, players can purchase in-game assets and items using cryptocurrency, creating a more immersive and engaging gaming environment. Additionally, PlayDapp’s use of smart contracts ensures fairness and transparency in all transactions, providing a level playing field for all players.
PlayDapp Price Overview:
As of October 03, 2023, PlayDapp is trading at approximately 0.1566 USDT. Let’s dive into the detailed price action for PLA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1509 |
| High (H) | 0.1691 |
| Low (L) | 0.1502 |
| Close (C) | 0.1566 |
| Volume (C) | 16,621,713.85 |
- Open (O): The opening price for today’s trading session was approximately 0.1509 USDT.
- High (H): PlayDapp reached a daily high of around 0.1691 USDT.
- Low (L): The daily low for PLA-USDT was approximately 0.1502 USDT.
- Close (C): At the time of analysis, PlayDapp is trading near its daily close of 0.1566 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.78% |
| 3D Change (%) | 1.75% |
| 7D Change (%) | 5.10% |
| 30D Change (%) | 9.21% |
| 90D Change (%) | -0.38% |
| YTD Change (%) | 17.74% |
Over the past three days, PLAUSDT has risen by approximately 1.75%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 5.10%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PLAUSDT maintaining an upward trend of approximately 9.21%, despite intermittent fluctuations. Examining the last 90 days, PLAUSDT has witnessed substantial fall of approximately -0.38%, reflecting strong long-term confidence. Year-to-date, PLAUSDT has steadily increased by around 17.74%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
PlayDapp Live Chart:
You can access a live price chart for PLA-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 0.3418.
- Momentum score is 0.09205.
PLA USDT Technical Analysis
PlayDapp Trading Volume:
The trading volume for PlayDapp (PLA) over the past 24 hours has been significant, with approximately 16,621,713.85 USDT traded against PLA. 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): PLA is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): PlayDapp is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for PLA-USDT is currently in the neutral zone, around 50.75819. This suggests that PlayDapp is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
PlayDapp (PLA-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.
