In this Stratis technical analysis, we will examine the current price action, trading volume, key levels and indicators for STRAX-BTC. Stratis is a blockchain-based platform that enables the development and deployment of custom blockchain solutions for a variety of industries. It utilizes a unique consensus algorithm called Proof of Stake (PoS) to ensure secure and efficient transactions. With Stratis, businesses can easily create and manage their own blockchain networks, allowing them to benefit from the transparency and security that blockchain technology provides.
Stratis Price Overview:
As of July 08, 2024, Stratis is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for STRAX-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 455,092.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Stratis reached a daily high of around 0.0 BTC.
- Low (L): The daily low for STRAX-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Stratis is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.78% |
| 3D Change (%) | 8.82% |
| 7D Change (%) | 0.00% |
| 30D Change (%) | -22.92% |
| 90D Change (%) | -54.60% |
| YTD Change (%) | -96.79% |
Over the past three days, STRAXBTC has risen by approximately 8.82%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around 0.00%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STRAXBTC maintaining a downward trend of approximately -22.92%, despite intermittent fluctuations. Examining the last 90 days, STRAXBTC has witnessed substantial fall of approximately -54.60%, reflecting strong long-term confidence. Year-to-date, STRAXBTC has steadily dropped by around -96.79%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Stratis Live Chart:
You can access a live price chart for STRAX-BTC 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 0.50101.
- Momentum score is 0.04225.
STRAX BTC Technical Analysis
Stratis Trading Volume:
The trading volume for Stratis (STRAX) over the past 24 hours has been insignificant, with approximately 455,092.00 BTC traded against STRAX. 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): STRAX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Stratis is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for STRAX-BTC is currently in the extreme zone, around 29.65427. This suggests that Stratis is in oversold territory.
Analysis from TradingView:
Our Key Takeaways:
Stratis (STRAX-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the extreme RSI and insignificant trading volume are extreme signals for potential reversal movement.
Consider bearish sentiment for Stratis (STRAXBTC) at 7.40e-07 BTC as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.
Don’t overlook our detailed insights on STRAX USDT Stratis Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
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.