POLS BTC Polkastarter Technical Analysis

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By Frans van Elst

Polkastarter logo In this Polkastarter technical analysis, we will examine the current price action, trading volume, key levels and indicators for POLS-BTC. Polkastarter (POLS) is a decentralized platform that enables users to create and manage their own token sales, auctions, and other types of fundraising events. POLS provides a secure and transparent environment for participants to engage in these events, while also offering a range of tools and features to help projects reach their full potential. With its innovative approach to fundraising and community building, Polkastarter is poised to revolutionize the way projects are financed and grown within the blockchain ecosystem.

Polkastarter Price Overview:

As of July 08, 2024, Polkastarter is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for POLS-BTC:

Acknowledge potential headwinds for Polkastarter (POLSBTC) at 1.99e-05 BTC through bearish technical analysis, featuring weakened support and cautionary indicators.

Metric Value
Open (O) 2e-05
High (H) 2e-05
Low (L) 2e-05
Close (C) 2e-05
Volume (C) 8,393.90
  • Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
  • High (H): Polkastarter reached a daily high of around 2e-05 BTC.
  • Low (L): The daily low for POLS-BTC was approximately 2e-05 BTC.
  • Close (C): At the time of analysis, Polkastarter is trading near its daily close of 2e-05 BTC.
Metric Value
1D Change (%) -0.91%
3D Change (%) -6.96%
7D Change (%) -2.11%
30D Change (%) -27.21%
90D Change (%) 94.05%
YTD Change (%) -13.01%

Over the past three days, POLSBTC has experienced a significant decline of approximately -6.96%, indicating increased market volatility. This downward trend continued throughout the week, with a loss of around -2.11%, suggesting waning investor interest. A 30-day analysis provides a more comprehensive view, revealing a persistent downward trend of approximately -27.21%, despite occasional fluctuations. In contrast, examining the last 90 days shows that POLSBTC has witnessed a substantial rise of approximately 94.05%, reflecting strong long-term confidence. Year-to-date, POLSBTC has steadily decreased by around -13.01%.

Polkastarter Live Chart:

You can access a live price chart for POLS-BTC 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 0.82423.
  • Momentum score is -0.18856.

POLS BTC Technical Analysis

Polkastarter Trading Volume:

The trading volume for Polkastarter (POLS) over the past 24 hours has been insignificant, with approximately 8,393.90 BTC traded against POLS. 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): POLS is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Polkastarter is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for POLS-BTC is currently in the neutral zone, around 50.61261. This suggests that Polkastarter is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Polkastarter (POLS-BTC) is currently displaying short-term bearish momentum, with key support and resistance levels drawing attention. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Furthermore, the neutral RSI reading and insignificant trading volume are indicative of a sideways movement.

Acknowledge potential headwinds for Polkastarter (POLSBTC) at 1.99e-05 BTC through bearish technical analysis, featuring weakened support and cautionary indicators.

Missing our detailed breakdown on POLS USDT Polkastarter Technical Analysis would be a lost opportunity if you found value in this post.

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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