In this SSV Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for SSV-BTC. Here are three sentences about SSV Network (SSV) cryptocurrency: SSV Network is a decentralized blockchain platform that enables the creation and management of scalable, secure, and interoperable applications. With its novel consensus algorithm and data storage solutions, SSV Network aims to provide high performance and low-latency transactions for a wide range of use cases. Additionally, SSV Network’s modular architecture allows for customizable and extensible features, making it an ideal platform for developers to build and deploy their applications.
SSV Network Price Overview:
As of October 02, 2023, SSV Network is trading at approximately 0.00059 BTC. Let’s dive into the detailed price action for SSV-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00061 |
| High (H) | 0.00063 |
| Low (L) | 0.00059 |
| Close (C) | 0.00059 |
| Volume (C) | 3,613.21 |
- Open (O): The opening price for today’s trading session was approximately 0.00061 BTC.
- High (H): SSV Network reached a daily high of around 0.00063 BTC.
- Low (L): The daily low for SSV-BTC was approximately 0.00059 BTC.
- Close (C): At the time of analysis, SSV Network is trading near its daily close of 0.00059 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.48% |
| 3D Change (%) | -2.19% |
| 7D Change (%) | -1.72% |
| 30D Change (%) | 11.04% |
| 90D Change (%) | -6.47% |
| YTD Change (%) | -3.02% |
Over the past three days, SSVBTC has declined by approximately -2.19%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -1.72%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SSVBTC maintaining an upward trend of approximately 11.04%, despite intermittent fluctuations. Examining the last 90 days, SSVBTC has witnessed substantial decline of approximately -6.47%, reflecting strong long-term confidence. Year-to-date, SSVBTC has steadily depreciated by around -3.02%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
SSV Network Live Chart:
You can access a live price chart for SSV-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 0.3624.
- Momentum score is 0.11044.
SSV BTC Technical Analysis
SSV Network Trading Volume:
The trading volume for SSV Network (SSV) over the past 24 hours has been significant, with approximately 3,613.21 BTC traded against SSV. 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): SSV is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): SSV Network is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for SSV-BTC is currently in the neutral zone, around 48.64728. This suggests that SSV Network is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
SSV Network (SSV-BTC) is currently exhibiting signs of short-term bullish 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 significant 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.
