In this Paris Saint-Germain Fan Token technical analysis, we will examine the current price action, trading volume, key levels and indicators for PSG-USDT. Paris Saint-Germain Fan Token (PSG) is a cryptocurrency that allows fans to engage with the club and participate in various activities, such as voting on team selections or purchasing exclusive merchandise. The token is built on the Ethereum blockchain and utilizes smart contract technology to facilitate secure and transparent transactions. By owning PSG tokens, fans can demonstrate their support for the club and connect with other supporters in a new and innovative way.
Paris Saint-Germain Fan Token Price Overview:
As of September 22, 2023, Paris Saint-Germain Fan Token is trading at approximately 3.04 USDT. Let’s dive into the detailed price action for PSG-USDT:
| Metric | Value |
|---|---|
| Open (O) | 3.033 |
| High (H) | 3.054 |
| Low (L) | 3.009 |
| Close (C) | 3.04 |
| Volume (C) | 46,741.29 |
- Open (O): The opening price for today’s trading session was approximately 3.033 USDT.
- High (H): Paris Saint-Germain Fan Token reached a daily high of around 3.054 USDT.
- Low (L): The daily low for PSG-USDT was approximately 3.009 USDT.
- Close (C): At the time of analysis, Paris Saint-Germain Fan Token is trading near its daily close of 3.04 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.20% |
| 3D Change (%) | -1.62% |
| 7D Change (%) | -0.88% |
| 30D Change (%) | -7.03% |
| 90D Change (%) | -7.32% |
| YTD Change (%) | -43.91% |
Over the past three days, PSGUSDT has fallen by approximately -1.62%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -0.88%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PSGUSDT maintaining a downward trend of approximately -7.03%, despite intermittent fluctuations. Examining the last 90 days, PSGUSDT has witnessed substantial decrease of approximately -7.32%, reflecting strong long-term confidence. Year-to-date, PSGUSDT has steadily declined by around -43.91%, 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-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 0.236.
- Momentum score is -0.07034.
PSG USDT 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 46,741.29 USDT traded against PSG. 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): 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-USDT is currently in the low zone, around 39.29459. This suggests that Paris Saint-Germain Fan Token is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Paris Saint-Germain Fan Token (PSG-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.
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.
