STMX USDT StormX Technical Analysis

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By Frans van Elst

StormX logo In this StormX technical analysis, we will examine the current price action, trading volume, key levels and indicators for STMX-USDT. StormX is a decentralized ecosystem that empowers users to earn rewards through a variety of engaging activities. STMX token holders can participate in gaming tournaments, complete tasks on the platform’s marketplace, and even earn passive income through staking. With its innovative approach to gamification and rewards, StormX is poised to revolutionize the way we interact with blockchain technology.

StormX Price Overview:

As of May 14, 2024, StormX is trading at approximately 0.00698 USDT. Let’s dive into the detailed price action for STMX-USDT:

Consider bearish sentiment for StormX (STMXUSDT) at 6.98e-03 USDT with technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.00694
High (H) 0.00744
Low (L) 0.00687
Close (C) 0.00698
Volume (C) 1,039,692,298.00
  • Open (O): The opening price for today’s trading session was approximately 0.00694 USDT.
  • High (H): StormX reached a daily high of around 0.00744 USDT.
  • Low (L): The daily low for STMX-USDT was approximately 0.00687 USDT.
  • Close (C): At the time of analysis, StormX is trading near its daily close of 0.00698 USDT.
Metric Value
1D Change (%) 0.45%
3D Change (%) -0.71%
7D Change (%) -5.67%
30D Change (%) -9.44%
90D Change (%) -2.60%
YTD Change (%) -20.62%

Over the past three days, STMXUSDT has dropped by approximately -0.71%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -5.67%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STMXUSDT maintaining a downward trend of approximately -9.44%, despite intermittent fluctuations. Examining the last 90 days, STMXUSDT has witnessed substantial decrease of approximately -2.60%, reflecting strong long-term confidence. Year-to-date, STMXUSDT has steadily depreciated by around -20.62%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

StormX Live Chart:

You can access a live price chart for STMX-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 0.39012.
  • Momentum score is -0.15258.

STMX USDT Technical Analysis

StormX Trading Volume:

The trading volume for StormX (STMX) over the past 24 hours has been significant, with approximately 1,039,692,298.00 USDT traded against STMX. 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): STMX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): StormX is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for STMX-USDT is currently in the low zone, around 42.07981. This suggests that StormX is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

StormX (STMX-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.

Consider bearish sentiment for StormX (STMXUSDT) at 6.98e-03 USDT with technical analysis, highlighting weakened support and cautionary indicators.

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.

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