In this STP technical analysis, we will examine the current price action, trading volume, key levels and indicators for STPT-USDT. Here are three sentences about STP (STPT) cryptocurrency: STP (Secure Transaction Platform) is a decentralized blockchain-based platform that enables secure, private, and efficient transactions for various industries such as finance, supply chain management, and healthcare. It utilizes advanced cryptographic techniques like zero-knowledge proofs and homomorphic encryption to protect user data and transaction information. STPT, the native cryptocurrency of the platform, is used as a medium of exchange and compensation for network participants, including miners and validators.
STP Price Overview:
As of October 02, 2023, STP is trading at approximately 0.05797 USDT. Let’s dive into the detailed price action for STPT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.06061 |
| High (H) | 0.06287 |
| Low (L) | 0.05754 |
| Close (C) | 0.05797 |
| Volume (C) | 41,990,319.60 |
- Open (O): The opening price for today’s trading session was approximately 0.06061 USDT.
- High (H): STP reached a daily high of around 0.06287 USDT.
- Low (L): The daily low for STPT-USDT was approximately 0.05754 USDT.
- Close (C): At the time of analysis, STP is trading near its daily close of 0.05797 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.20% |
| 3D Change (%) | -8.46% |
| 7D Change (%) | -0.16% |
| 30D Change (%) | 33.97% |
| 90D Change (%) | 41.53% |
| YTD Change (%) | 123.82% |
Over the past three days, STPTUSDT has dropped by approximately -8.46%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -0.16%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STPTUSDT maintaining an upward trend of approximately 33.97%, despite intermittent fluctuations. Examining the last 90 days, STPTUSDT has witnessed substantial rise of approximately 41.53%, reflecting strong long-term confidence. Year-to-date, STPTUSDT has steadily appreciated by around 123.82%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
STP Live Chart:
You can access a live price chart for STPT-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 1.06946.
- Momentum score is 0.33973.
STPT USDT Technical Analysis
STP Trading Volume:
The trading volume for STP (STPT) over the past 24 hours has been insignificant, with approximately 41,990,319.60 USDT traded against STPT. 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): STPT is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): STP is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for STPT-USDT is currently in the high zone, around 55.37631. This suggests that STP is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
STP (STPT-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 high RSI and insignificant trading volume are high signals for potential upward 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.
