STRAX USDT Stratis Technical Analysis

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By Frans van Elst

Stratis logo In this Stratis technical analysis, we will examine the current price action, trading volume, key levels and indicators for STRAX-USDT. Stratis is a blockchain-based platform that enables the development and deployment of custom blockchain solutions for various industries. It utilizes a modular architecture that allows for the creation of scalable and secure blockchain applications. With its unique features and versatility, Stratis has gained significant traction among developers and enterprises looking to leverage the power of blockchain technology.

Stratis Price Overview:

As of May 13, 2024, Stratis is trading at approximately 0.0774 USDT. Let’s dive into the detailed price action for STRAX-USDT:

Explore Stratis’s (STRAXUSDT) potential challenges at 7.74e-02 USDT as technical analysis leans bearish, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 0.0774
High (H) 0.079
Low (L) 0.0726
Close (C) 0.0774
Volume (C) 17,764,878.00
  • Open (O): The opening price for today’s trading session was approximately 0.0774 USDT.
  • High (H): Stratis reached a daily high of around 0.079 USDT.
  • Low (L): The daily low for STRAX-USDT was approximately 0.0726 USDT.
  • Close (C): At the time of analysis, Stratis is trading near its daily close of 0.0774 USDT.
Metric Value
1D Change (%) 0.00%
3D Change (%) -0.26%
7D Change (%) -7.97%
30D Change (%) -0.13%
90D Change (%) -91.04%
YTD Change (%) -92.05%

Over the past three days, STRAXUSDT has declined by approximately -0.26%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -7.97%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STRAXUSDT maintaining a downward trend of approximately -0.13%, despite intermittent fluctuations. Examining the last 90 days, STRAXUSDT has witnessed substantial decrease of approximately -91.04%, reflecting strong long-term confidence. Year-to-date, STRAXUSDT has steadily depreciated by around -92.05%, 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-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 0.52245.
  • Momentum score is -0.17572.

STRAX USDT Technical Analysis

Stratis Trading Volume:

The trading volume for Stratis (STRAX) over the past 24 hours has been significant, with approximately 17,764,878.00 USDT 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-USDT is currently in the extreme zone, around 28.9096. This suggests that Stratis is in oversold territory.

Analysis from TradingView:

Our Key Takeaways:

Stratis (STRAX-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 extreme RSI and significant trading volume are extreme signals for potential reversal movement.

Explore Stratis’s (STRAXUSDT) potential challenges at 7.74e-02 USDT as technical analysis leans bearish, emphasizing weakened support and cautionary indicators.

For a deeper dive into the subject, don’t miss our comprehensive analysis on STRAX BTC Stratis Technical Analysis if you found this post intriguing.

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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