In this Polkastarter technical analysis, we will examine the current price action, trading volume, key levels and indicators for POLS-USDT. Sure, here are three sentences about Polkastarter (POLS) cryptocurrency: Polkastarter (POLS) is a decentralized platform that enables users to create and manage their own blockchain-based projects with ease. POLS utilizes a novel proof-of-stake consensus algorithm, which allows for faster and more energy-efficient transactions compared to traditional proof-of-work algorithms. By leveraging Polkastarter’s modular architecture, developers can quickly and easily build and deploy their own custom blockchain applications without needing to write complex code.
Polkastarter Price Overview:
As of October 03, 2023, Polkastarter is trading at approximately 0.2703 USDT. Let’s dive into the detailed price action for POLS-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2748 |
| High (H) | 0.2748 |
| Low (L) | 0.2673 |
| Close (C) | 0.2703 |
| Volume (C) | 312,740.60 |
- Open (O): The opening price for today’s trading session was approximately 0.2748 USDT.
- High (H): Polkastarter reached a daily high of around 0.2748 USDT.
- Low (L): The daily low for POLS-USDT was approximately 0.2673 USDT.
- Close (C): At the time of analysis, Polkastarter is trading near its daily close of 0.2703 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.64% |
| 3D Change (%) | -1.10% |
| 7D Change (%) | 3.96% |
| 30D Change (%) | 7.69% |
| 90D Change (%) | -19.63% |
| YTD Change (%) | -21.20% |
Over the past three days, POLSUSDT has declined by approximately -1.10%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 3.96%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with POLSUSDT maintaining an upward trend of approximately 7.69%, despite intermittent fluctuations. Examining the last 90 days, POLSUSDT has witnessed substantial decrease of approximately -19.63%, reflecting strong long-term confidence. Year-to-date, POLSUSDT has steadily dropped by around -21.20%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Polkastarter Live Chart:
You can access a live price chart for POLS-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 0.33986.
- Momentum score is 0.07689.
POLS USDT Technical Analysis
Polkastarter Trading Volume:
The trading volume for Polkastarter (POLS) over the past 24 hours has been insignificant, with approximately 312,740.60 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Polkastarter is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for POLS-USDT is currently in the neutral zone, around 49.37591. This suggests that Polkastarter is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Polkastarter (POLS-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 insignificant 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.
