QI USDT BENQI Technical Analysis

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By Frans van Elst

BENQI logo In this BENQI technical analysis, we will examine the current price action, trading volume, key levels and indicators for QI-USDT. BENQI (QI) is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with access to a wide range of financial services. QI’s novel governance model ensures that the platform is run by its community, allowing for a more democratic and inclusive financial system. With BENQI, users can participate in liquidity mining, lend and borrow assets, and engage in other DeFi activities, all within a secure and transparent environment.

BENQI Price Overview:

As of June 07, 2024, BENQI is trading at approximately 0.02163 USDT. Let’s dive into the detailed price action for QI-USDT:

Unlock potential gains in BENQI (QIUSDT) at 2.16e-02 USDT with bullish technical analysis, showcasing robust support and encouraging indicators.

Metric Value
Open (O) 0.02157
High (H) 0.02295
Low (L) 0.02149
Close (C) 0.02163
Volume (C) 114,318,970.00
  • Open (O): The opening price for today’s trading session was approximately 0.02157 USDT.
  • High (H): BENQI reached a daily high of around 0.02295 USDT.
  • Low (L): The daily low for QI-USDT was approximately 0.02149 USDT.
  • Close (C): At the time of analysis, BENQI is trading near its daily close of 0.02163 USDT.
Metric Value
1D Change (%) 0.28%
3D Change (%) 12.66%
7D Change (%) 8.37%
30D Change (%) 44.01%
90D Change (%) -9.08%
YTD Change (%) 11.55%

Over the past three days, QIUSDT has risen by approximately 12.66%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 8.37%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with QIUSDT maintaining an upward trend of approximately 44.01%, despite intermittent fluctuations. Examining the last 90 days, QIUSDT has witnessed substantial decline of approximately -9.08%, reflecting strong long-term confidence. Year-to-date, QIUSDT has steadily appreciated by around 11.55%, 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 0.57919.
  • Momentum score is 0.1749.

QI USDT Technical Analysis

BENQI Trading Volume:

The trading volume for BENQI (QI) over the past 24 hours has been insignificant, with approximately 114,318,970.00 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 high zone, around 55.26276. This suggests that BENQI is in bullish 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 high RSI and insignificant trading volume are high signals for potential upward movement.

Unlock potential gains in BENQI (QIUSDT) at 2.16e-02 USDT with bullish technical analysis, showcasing robust support and encouraging indicators.

Take the next step in your exploration by delving into our detailed insights on QI BTC BENQI 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.

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