In this BENQI technical analysis, we will examine the current price action, trading volume, key levels and indicators for QI-USDT. Sure, here are three sentences about BENQI (QI) cryptocurrency: BENQI (QI) is a decentralized finance (DeFi) token that aims to provide users with a wide range of financial services, including lending, borrowing, and trading. With its innovative smart contract architecture and user-friendly interface, BENQI (QI) offers a seamless and secure experience for users looking to participate in the DeFi ecosystem. By leveraging the power of blockchain technology, BENQI (QI) is poised to revolutionize the way we think about finance and investing.
BENQI Price Overview:
As of October 03, 2023, BENQI is trading at approximately 0.00526 USDT. Let’s dive into the detailed price action for QI-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0053 |
| High (H) | 0.00534 |
| Low (L) | 0.00522 |
| Close (C) | 0.00526 |
| Volume (C) | 22,576,028.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0053 USDT.
- High (H): BENQI reached a daily high of around 0.00534 USDT.
- Low (L): The daily low for QI-USDT was approximately 0.00522 USDT.
- Close (C): At the time of analysis, BENQI is trading near its daily close of 0.00526 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.38% |
| 3D Change (%) | -0.94% |
| 7D Change (%) | 1.54% |
| 30D Change (%) | 1.94% |
| 90D Change (%) | -18.45% |
| YTD Change (%) | -16.64% |
Over the past three days, QIUSDT has dropped by approximately -0.94%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 1.54%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with QIUSDT maintaining an upward trend of approximately 1.94%, despite intermittent fluctuations. Examining the last 90 days, QIUSDT has witnessed substantial decrease of approximately -18.45%, reflecting strong long-term confidence. Year-to-date, QIUSDT has steadily depreciated by around -16.64%, 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-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 0.32168.
- Momentum score is 0.01938.
QI USDT Technical Analysis
BENQI Trading Volume:
The trading volume for BENQI (QI) over the past 24 hours has been insignificant, with approximately 22,576,028.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): BENQI is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for QI-USDT is currently in the neutral zone, around 46.79209. This suggests that BENQI is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
BENQI (QI-USDT) is currently exhibiting signs of short-term bullish 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways 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.
