In this Paris Saint-Germain Fan Token technical analysis, we will examine the current price action, trading volume, key levels and indicators for PSG-BTC. PSG is a fan token that empowers supporters of the renowned French soccer team Paris Saint-Germain. With PSG, fans can participate in exclusive club experiences and events while also gaining access to limited-edition merchandise. By leveraging blockchain technology, PSG provides a secure and transparent platform for fans to showcase their passion and loyalty to the team.
Paris Saint-Germain Fan Token Price Overview:
As of December 05, 2023, Paris Saint-Germain Fan Token is trading at approximately 7e-05 BTC. Let’s dive into the detailed price action for PSG-BTC:
- Open (O): The opening price for today’s trading session was approximately 8e-05 BTC.
- High (H): Paris Saint-Germain Fan Token reached a daily high of around 8e-05 BTC.
- Low (L): The daily low for PSG-BTC was approximately 7e-05 BTC.
- Close (C): At the time of analysis, Paris Saint-Germain Fan Token is trading near its daily close of 7e-05 BTC.
|1D Change (%)||-2.88%|
|3D Change (%)||-9.06%|
|7D Change (%)||-9.50%|
|30D Change (%)||-13.30%|
|90D Change (%)||-38.90%|
|YTD Change (%)||-77.32%|
Over the past three days, PSGBTC has fallen by approximately -9.06%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -9.50%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PSGBTC maintaining a downward trend of approximately -13.30%, despite intermittent fluctuations. Examining the last 90 days, PSGBTC has witnessed substantial decrease of approximately -38.90%, reflecting strong long-term confidence. Year-to-date, PSGBTC has steadily decreased by around -77.32%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Paris Saint-Germain Fan Token Live Chart:
You can access a live price chart for PSG-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 0.36706.
- Momentum score is -0.13302.
PSG BTC Technical Analysis
Paris Saint-Germain Fan Token Trading Volume:
The trading volume for Paris Saint-Germain Fan Token (PSG) over the past 24 hours has been insignificant, with approximately 1,874.24 BTC traded against PSG. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): PSG is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Paris Saint-Germain Fan Token is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for PSG-BTC is currently in the low zone, around 33.70086. This suggests that Paris Saint-Germain Fan Token is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Paris Saint-Germain Fan Token (PSG-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.
Explore potential downturns for Paris Saint-Germain Fan Token (PSGBTC) at 7.43e-05 BTC, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
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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.