STPT USDT STP Technical Analysis

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By Frans van Elst

STP logo In this STP technical analysis, we will examine the current price action, trading volume, key levels and indicators for STPT-USDT. STPT is a decentralized, open-source blockchain platform that enables developers to build and deploy scalable, secure, and interoperable applications. It utilizes a novel consensus algorithm called “Proof of Stake with Recursive zk-SNARKs” (PoS-RZ) to achieve high transaction throughput and low latency, making it an attractive option for enterprise and consumer applications. Additionally, STPT’s unique architecture allows for the seamless integration of decentralized finance (DeFi) protocols, further expanding its use cases.

STP Price Overview:

As of April 20, 2024, STP is trading at approximately 0.05833 USDT. Let’s dive into the detailed price action for STPT-USDT:

Clearly see potential bearish trend for STP (STPTUSDT) at 5.83e-02 USDT through detailed technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.05371
High (H) 0.05838
Low (L) 0.05303
Close (C) 0.05833
Volume (C) 18,077,738.60
  • Open (O): The opening price for today’s trading session was approximately 0.05371 USDT.
  • High (H): STP reached a daily high of around 0.05838 USDT.
  • Low (L): The daily low for STPT-USDT was approximately 0.05303 USDT.
  • Close (C): At the time of analysis, STP is trading near its daily close of 0.05833 USDT.
Metric Value
1D Change (%) 8.68%
3D Change (%) 13.44%
7D Change (%) 13.64%
30D Change (%) -15.70%
90D Change (%) 9.03%
YTD Change (%) -5.02%

Over the past three days, STPTUSDT has risen by approximately 13.44%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 13.64%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STPTUSDT maintaining a downward trend of approximately -15.70%, despite intermittent fluctuations. Examining the last 90 days, STPTUSDT has witnessed substantial increase of approximately 9.03%, reflecting strong long-term confidence. Year-to-date, STPTUSDT has steadily declined by around -5.02%, 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 1.00165.
  • Momentum score is -0.25247.

STPT USDT Technical Analysis

STP Trading Volume:

The trading volume for STP (STPT) over the past 24 hours has been insignificant, with approximately 18,077,738.60 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 below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): STP is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for STPT-USDT is currently in the neutral zone, around 46.14374. This suggests that STP is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

STP (STPT-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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Clearly see potential bearish trend for STP (STPTUSDT) at 5.83e-02 USDT through detailed technical analysis, highlighting weakened support and cautionary indicators.

Explore more with our thorough insights on STPT BTC STP Technical Analysis — an essential read if you enjoyed the content of 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.

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