In this StormX technical analysis, we will examine the current price action, trading volume, key levels and indicators for STMX-USDT. StormX (STMX) is a decentralized cryptocurrency that utilizes a unique consensus algorithm called Proof of Stake with Masternodes, which allows for faster transaction times and greater security. StormX also offers a built-in governance system that enables users to vote on proposals for the development and growth of the network. With its innovative features and strong community support, StormX has the potential to become a major player in the cryptocurrency market.
StormX Price Overview:
As of October 02, 2023, StormX is trading at approximately 0.00673 USDT. Let’s dive into the detailed price action for STMX-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.007 |
| High (H) | 0.00709 |
| Low (L) | 0.0066 |
| Close (C) | 0.00673 |
| Volume (C) | 494,813,763.00 |
- Open (O): The opening price for today’s trading session was approximately 0.007 USDT.
- High (H): StormX reached a daily high of around 0.00709 USDT.
- Low (L): The daily low for STMX-USDT was approximately 0.0066 USDT.
- Close (C): At the time of analysis, StormX is trading near its daily close of 0.00673 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.86% |
| 3D Change (%) | -2.49% |
| 7D Change (%) | -3.07% |
| 30D Change (%) | 44.19% |
| 90D Change (%) | 59.51% |
| YTD Change (%) | 91.03% |
Over the past three days, STMXUSDT has dropped by approximately -2.49%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -3.07%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STMXUSDT maintaining an upward trend of approximately 44.19%, despite intermittent fluctuations. Examining the last 90 days, STMXUSDT has witnessed substantial rise of approximately 59.51%, reflecting strong long-term confidence. Year-to-date, STMXUSDT has steadily appreciated by around 91.03%, 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 1.474.
- Momentum score is 0.44192.
STMX USDT Technical Analysis
StormX Trading Volume:
The trading volume for StormX (STMX) over the past 24 hours has been insignificant, with approximately 494,813,763.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): StormX is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for STMX-USDT is currently in the neutral zone, around 53.80419. This suggests that StormX is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
StormX (STMX-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 insignificant 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.
