In this Stratis technical analysis, we will examine the current price action, trading volume, key levels and indicators for STRAX-USDT. Stratis (STRAX) is a blockchain-based platform that enables the development, deployment, and management of blockchain-based applications. It provides a range of tools and services for businesses and individuals looking to build their own blockchain solutions. Stratis’ unique features include its modular architecture, which allows for customizable and scalable blockchain solutions, as well as its support for multiple programming languages and development frameworks.
Stratis Price Overview:
As of October 02, 2023, Stratis is trading at approximately 0.484 USDT. Let’s dive into the detailed price action for STRAX-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.482 |
| High (H) | 0.498 |
| Low (L) | 0.47 |
| Close (C) | 0.484 |
| Volume (C) | 1,423,802.80 |
- Open (O): The opening price for today’s trading session was approximately 0.482 USDT.
- High (H): Stratis reached a daily high of around 0.498 USDT.
- Low (L): The daily low for STRAX-USDT was approximately 0.47 USDT.
- Close (C): At the time of analysis, Stratis is trading near its daily close of 0.484 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.62% |
| 3D Change (%) | 2.54% |
| 7D Change (%) | 10.00% |
| 30D Change (%) | 22.22% |
| 90D Change (%) | -0.62% |
| YTD Change (%) | 25.06% |
Over the past three days, STRAXUSDT has increased by approximately 2.54%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 10.00%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STRAXUSDT maintaining an upward trend of approximately 22.22%, despite intermittent fluctuations. Examining the last 90 days, STRAXUSDT has witnessed substantial decline of approximately -0.62%, reflecting strong long-term confidence. Year-to-date, STRAXUSDT has steadily increased by around 25.06%, 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 0.74068.
- Momentum score is 0.22222.
STRAX USDT Technical Analysis
Stratis Trading Volume:
The trading volume for Stratis (STRAX) over the past 24 hours has been insignificant, with approximately 1,423,802.80 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Stratis is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for STRAX-USDT is currently in the high zone, around 55.13222. This suggests that Stratis is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Stratis (STRAX-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.
