In this BENQI technical analysis, we will examine the current price action, trading volume, key levels and indicators for QI-BTC. BENQI (QI) is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with a wide range of financial services. QI’s innovative features include lending, borrowing, and yield farming, all of which are designed to be secure, transparent, and accessible to everyone. By leveraging the power of smart contracts, BENQI (QI) is revolutionizing the way we think about finance and investment.
BENQI Price Overview:
As of December 05, 2023, BENQI is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for QI-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 4,227,670.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): BENQI reached a daily high of around 0.0 BTC.
- Low (L): The daily low for QI-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, BENQI is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.00% |
| 3D Change (%) | -4.76% |
| 7D Change (%) | -9.09% |
| 30D Change (%) | 11.11% |
| 90D Change (%) | -4.76% |
| YTD Change (%) | -47.37% |
Over the past three days, QIBTC has declined by approximately -4.76%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -9.09%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with QIBTC maintaining an upward trend of approximately 11.11%, despite intermittent fluctuations. Examining the last 90 days, QIBTC has witnessed substantial drop of approximately -4.76%, reflecting strong long-term confidence. Year-to-date, QIBTC has steadily decreased by around -47.37%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
BENQI Live Chart:
You can access a live price chart for QI-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 1.15873.
- Momentum score is 0.11111.
QI BTC Technical Analysis
BENQI Trading Volume:
The trading volume for BENQI (QI) over the past 24 hours has been insignificant, with approximately 4,227,670.00 BTC traded against QI. 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): QI is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): BENQI is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for QI-BTC is currently in the neutral zone, around 49.70491. This suggests that BENQI is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
BENQI (QI-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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Consider bearish sentiment for BENQI (QIBTC) at 2.00e-07 BTC with technical analysis, highlighting weakened support and cautionary indicators.
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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.