In this Polymesh technical analysis, we will examine the current price action, trading volume, key levels and indicators for POLYX-USDT. Polymesh (POLYX) is a decentralized platform that enables the creation and trading of digital assets in a secure and transparent environment. With its innovative mesh network technology, Polymesh provides high scalability and low latency for a seamless user experience. By leveraging blockchain technology, Polymesh empowers users to control their own data and assets, promoting financial inclusion and independence.
Polymesh Price Overview:
As of June 30, 2024, Polymesh is trading at approximately 0.2794 USDT. Let’s dive into the detailed price action for POLYX-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2785 |
| High (H) | 0.2877 |
| Low (L) | 0.2658 |
| Close (C) | 0.2794 |
| Volume (C) | 15,053,863.60 |
- Open (O): The opening price for today’s trading session was approximately 0.2785 USDT.
- High (H): Polymesh reached a daily high of around 0.2877 USDT.
- Low (L): The daily low for POLYX-USDT was approximately 0.2658 USDT.
- Close (C): At the time of analysis, Polymesh is trading near its daily close of 0.2794 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.29% |
| 3D Change (%) | -2.48% |
| 7D Change (%) | -13.85% |
| 30D Change (%) | -32.02% |
| 90D Change (%) | -52.26% |
| YTD Change (%) | 46.59% |
Over the past three days, POLYXUSDT has dropped by approximately -2.48%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -13.85%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with POLYXUSDT maintaining a downward trend of approximately -32.02%, despite intermittent fluctuations. Examining the last 90 days, POLYXUSDT has witnessed substantial decrease of approximately -52.26%, reflecting strong long-term confidence. Year-to-date, POLYXUSDT has steadily increased by around 46.59%, 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-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 0.78402.
- Momentum score is -0.40439.
POLYX USDT Technical Analysis
Polymesh Trading Volume:
The trading volume for Polymesh (POLYX) over the past 24 hours has been insignificant, with approximately 15,053,863.60 USDT 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-USDT is currently in the low zone, around 38.81731. This suggests that Polymesh is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Polymesh (POLYX-USDT) is currently exhibiting signs of short-term bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Consider bearish sentiment for Polymesh (POLYXUSDT) at 2.79e-01 USDT as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.
Take the next step in your exploration by delving into our detailed insights on POLYX BTC Polymesh Technical Analysis; it’s a natural follow-up if you enjoyed 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.