In this Polymesh technical analysis, we will examine the current price action, trading volume, key levels and indicators for POLYX-BTC. Polymesh (POLYX) is a decentralized platform that utilizes blockchain technology to provide secure and transparent financial services. With its innovative multi-chain architecture, Polymesh enables interoperability between different blockchain networks, allowing for seamless interactions between users and applications. By leveraging smart contracts and decentralized governance, Polymesh empowers users with greater control over their digital assets and data.
Polymesh Price Overview:
As of July 06, 2024, Polymesh is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for POLYX-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 156,792.80 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Polymesh reached a daily high of around 0.0 BTC.
- Low (L): The daily low for POLYX-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Polymesh is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.42% |
| 3D Change (%) | -6.21% |
| 7D Change (%) | -13.82% |
| 30D Change (%) | -37.02% |
| 90D Change (%) | -49.55% |
| YTD Change (%) | -12.47% |
Over the past three days, POLYXBTC has dropped by approximately -6.21%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -13.82%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with POLYXBTC maintaining a downward trend of approximately -37.02%, despite intermittent fluctuations. Examining the last 90 days, POLYXBTC has witnessed substantial decrease of approximately -49.55%, reflecting strong long-term confidence. Year-to-date, POLYXBTC has steadily dropped by around -12.47%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Polymesh Live Chart:
You can access a live price chart for POLYX-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 0.66635.
- Momentum score is -0.36715.
POLYX BTC Technical Analysis
Polymesh Trading Volume:
The trading volume for Polymesh (POLYX) over the past 24 hours has been insignificant, with approximately 156,792.80 BTC traded against POLYX. 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): POLYX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Polymesh is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for POLYX-BTC is currently in the low zone, around 35.97818. This suggests that Polymesh is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Polymesh (POLYX-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Unveil potential setbacks for Polymesh (POLYXBTC) at 3.93e-06 BTC through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.
Don’t skip our thorough exploration of POLYX USDT Polymesh Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.
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.