In this Stargate Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for STG-BTC. Stargate Finance (STG) is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide financial services such as lending, borrowing, and trading. STG’s unique governance structure allows for community-driven decision making, ensuring that the platform remains transparent and fair. With its innovative features and user-friendly interface, Stargate Finance is poised to revolutionize the DeFi space.
Stargate Finance Price Overview:
As of October 02, 2023, Stargate Finance is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for STG-BTC:
| Metric | Value |
|---|---|
| Open (O) | 2e-05 |
| High (H) | 2e-05 |
| Low (L) | 2e-05 |
| Close (C) | 2e-05 |
| Volume (C) | 117,252.10 |
- Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
- High (H): Stargate Finance reached a daily high of around 2e-05 BTC.
- Low (L): The daily low for STG-BTC was approximately 2e-05 BTC.
- Close (C): At the time of analysis, Stargate Finance is trading near its daily close of 2e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.89% |
| 3D Change (%) | -3.39% |
| 7D Change (%) | -4.16% |
| 30D Change (%) | -17.08% |
| 90D Change (%) | -15.37% |
| YTD Change (%) | -23.50% |
Over the past three days, STGBTC has declined by approximately -3.39%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.16%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STGBTC maintaining a downward trend of approximately -17.08%, despite intermittent fluctuations. Examining the last 90 days, STGBTC has witnessed substantial drop of approximately -15.37%, reflecting strong long-term confidence. Year-to-date, STGBTC has steadily depreciated by around -23.50%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Stargate Finance Live Chart:
You can access a live price chart for STG-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 0.38946.
- Momentum score is -0.17078.
STG BTC Technical Analysis
Stargate Finance Trading Volume:
The trading volume for Stargate Finance (STG) over the past 24 hours has been significant, with approximately 117,252.10 BTC traded against STG. 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): STG is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Stargate Finance is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for STG-BTC is currently in the low zone, around 38.76208. This suggests that Stargate Finance is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Stargate Finance (STG-BTC) is currently exhibiting signs of short-term bearish 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 low RSI and significant trading volume are low signals for potential downward 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.
