In this SSV Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for SSV-USDT. SSV Network is a decentralized platform that enables the creation and management of scalable, interoperable, and secure blockchain applications. With its novel consensus algorithm and modular architecture, SSV Network empowers developers to build and deploy high-performance blockchain applications with ease. Additionally, SSV Network’s innovative features such as cross-chain communication and multi-chain support make it an ideal solution for a wide range of use cases, from decentralized finance (DeFi) to gaming and beyond.
SSV Network Price Overview:
As of May 11, 2024, SSV Network is trading at approximately 36.0 USDT. Let’s dive into the detailed price action for SSV-USDT:
| Metric | Value |
|---|---|
| Open (O) | 36.56 |
| High (H) | 36.9 |
| Low (L) | 34.88 |
| Close (C) | 36.0 |
| Volume (C) | 425,905.98 |
- Open (O): The opening price for today’s trading session was approximately 36.56 USDT.
- High (H): SSV Network reached a daily high of around 36.9 USDT.
- Low (L): The daily low for SSV-USDT was approximately 34.88 USDT.
- Close (C): At the time of analysis, SSV Network is trading near its daily close of 36.0 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.48% |
| 3D Change (%) | -15.61% |
| 7D Change (%) | -17.79% |
| 30D Change (%) | -28.44% |
| 90D Change (%) | 19.80% |
| YTD Change (%) | 36.00% |
Over the past three days, SSVUSDT has declined by approximately -15.61%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -17.79%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SSVUSDT maintaining a downward trend of approximately -28.44%, despite intermittent fluctuations. Examining the last 90 days, SSVUSDT has witnessed substantial rise of approximately 19.80%, reflecting strong long-term confidence. Year-to-date, SSVUSDT has steadily increased by around 36.00%, 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-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 1.06257.
- Momentum score is -0.1298.
SSV USDT Technical Analysis
SSV Network Trading Volume:
The trading volume for SSV Network (SSV) over the past 24 hours has been significant, with approximately 425,905.98 USDT 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 below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): SSV Network is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for SSV-USDT is currently in the low zone, around 44.42388. This suggests that SSV Network is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
SSV Network (SSV-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 significant trading volume are low signals for potential downward movement.
Explore potential downturns for SSV Network (SSVUSDT) at 36.00 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
Don’t overlook our detailed insights on SSV BTC SSV Network Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
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.