In this SSV Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for SSV-USDT. The SSV Network is a decentralized platform that enables the creation, management, and execution of smart contracts and decentralized applications (dApps) on the Ethereum blockchain. With its innovative features such as decentralized governance and incentivization mechanisms, the SSV Network provides a robust ecosystem for developers to build and deploy their dApps, while ensuring security and transparency for all users. By leveraging the power of blockchain technology, the SSV Network is poised to revolutionize the way we interact with decentralized applications and smart contracts.
SSV Network Price Overview:
As of October 02, 2023, SSV Network is trading at approximately 16.28 USDT. Let’s dive into the detailed price action for SSV-USDT:
| Metric | Value |
|---|---|
| Open (O) | 17.22 |
| High (H) | 17.36 |
| Low (L) | 16.22 |
| Close (C) | 16.28 |
| Volume (C) | 117,404.93 |
- Open (O): The opening price for today’s trading session was approximately 17.22 USDT.
- High (H): SSV Network reached a daily high of around 17.36 USDT.
- Low (L): The daily low for SSV-USDT was approximately 16.22 USDT.
- Close (C): At the time of analysis, SSV Network is trading near its daily close of 16.28 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -5.40% |
| 3D Change (%) | 0.49% |
| 7D Change (%) | 3.63% |
| 30D Change (%) | 18.92% |
| 90D Change (%) | -15.43% |
| YTD Change (%) | -55.35% |
Over the past three days, SSVUSDT has increased by approximately 0.49%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 3.63%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SSVUSDT maintaining an upward trend of approximately 18.92%, despite intermittent fluctuations. Examining the last 90 days, SSVUSDT has witnessed substantial drop of approximately -15.43%, reflecting strong long-term confidence. Year-to-date, SSVUSDT has steadily declined by around -55.35%, 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 0.47664.
- Momentum score is 0.18919.
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 117,404.93 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 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-USDT is currently in the neutral zone, around 50.3986. This suggests that SSV Network is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
SSV Network (SSV-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 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.
