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 July 08, 2024, StormX is trading at approximately 0.00498 USDT. Let’s dive into the detailed price action for STMX-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.00481 |
| High (H) | 0.00508 |
| Low (L) | 0.00462 |
| Close (C) | 0.00498 |
| Volume (C) | 987,554,458.00 |
- Open (O): The opening price for today’s trading session was approximately 0.00481 USDT.
- High (H): StormX reached a daily high of around 0.00508 USDT.
- Low (L): The daily low for STMX-USDT was approximately 0.00462 USDT.
- Close (C): At the time of analysis, StormX is trading near its daily close of 0.00498 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.51% |
| 3D Change (%) | 7.15% |
| 7D Change (%) | 4.98% |
| 30D Change (%) | -24.45% |
| 90D Change (%) | -52.66% |
| YTD Change (%) | -43.37% |
Over the past three days, STMXUSDT has experienced a notable surge of approximately 7.15%, indicating increased market volatility. This upward trend continued throughout the week, with a gain of around 4.98%, suggesting growing investor interest. A 30-day analysis provides a more comprehensive view, revealing a downward trend of approximately -24.45%. Looking further back, STMXUSDT has witnessed a significant decline over the past 90 days, with a decrease of around -52.66%, reflecting a loss of long-term confidence. Year-to-date, STMXUSDT has steadily decreased by approximately -43.37%.
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 0.84698.
- Momentum score is -0.01446.
STMX USDT Technical Analysis
StormX Trading Volume:
The trading volume for StormX (STMX) over the past 24 hours has been insignificant, with approximately 987,554,458.00 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 41.81195. This suggests that StormX is in bearish territory.
Analysis from TradingView:
Our Key Takeaways: StormX (STMX-USDT) is currently experiencing short-term bearish momentum, with key support and resistance levels drawing attention. 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 indicating a potential downward trend.
Receive signals of growth for StormX (STMXUSDT) at 4.98e-03 USDT through positive technical analysis, backed by strong support and promising 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.