In this Stargate Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for STG-USDT. Stargate Finance (STG) is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with a secure and transparent way to access financial services. STG’s novel consensus algorithm, called “Stargate,” allows for faster and more energy-efficient transactions compared to traditional proof-of-work algorithms. With STG, users can participate in a variety of DeFi applications such as lending, borrowing, and trading, all within a secure and decentralized ecosystem.
Stargate Finance Price Overview:
As of May 11, 2024, Stargate Finance is trading at approximately 0.4714 USDT. Let’s dive into the detailed price action for STG-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.4609 |
| High (H) | 0.4726 |
| Low (L) | 0.4582 |
| Close (C) | 0.4714 |
| Volume (C) | 2,423,463.80 |
- Open (O): The opening price for today’s trading session was approximately 0.4609 USDT.
- High (H): Stargate Finance reached a daily high of around 0.4726 USDT.
- Low (L): The daily low for STG-USDT was approximately 0.4582 USDT.
- Close (C): At the time of analysis, Stargate Finance is trading near its daily close of 0.4714 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.28% |
| 3D Change (%) | 0.11% |
| 7D Change (%) | -8.06% |
| 30D Change (%) | -34.76% |
| 90D Change (%) | -16.88% |
| YTD Change (%) | -22.68% |
Over the past three days, STGUSDT has increased by approximately 0.11%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -8.06%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STGUSDT maintaining a downward trend of approximately -34.76%, despite intermittent fluctuations. Examining the last 90 days, STGUSDT has witnessed substantial drop of approximately -16.88%, reflecting strong long-term confidence. Year-to-date, STGUSDT has steadily depreciated by around -22.68%, 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-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 0.39171.
- Momentum score is -0.12363.
STG USDT Technical Analysis
Stargate Finance Trading Volume:
The trading volume for Stargate Finance (STG) over the past 24 hours has been insignificant, with approximately 2,423,463.80 USDT 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-USDT is currently in the low zone, around 39.25235. This suggests that Stargate Finance is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Stargate Finance (STG-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 insignificant trading volume are low signals for potential downward movement.
Delve into potential challenges for Stargate Finance (STGUSDT) at 4.71e-01 USDT, guided by bearish technical analysis emphasizing weakened support and cautionary indicators.
Discover even more by checking out our comprehensive analysis on STG BTC Stargate Finance Technical Analysis — a perfect 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.