SYS BTC Syscoin Technical Analysis

Syscoin logo In this Syscoin technical analysis, we will examine the current price action, trading volume, key levels and indicators for SYS-BTC. Syscoin (SYS) is a decentralized cryptocurrency that utilizes blockchain technology to facilitate secure and efficient transactions. With its unique consensus algorithm, Syscoin offers faster transaction times and lower fees compared to other cryptocurrencies. Additionally, Syscoin’s smart contract functionality allows for the creation of complex decentralized applications (dApps) that can be used in various industries such as supply chain management, voting systems, and more.

Syscoin Price Overview:

As of October 02, 2023, Syscoin is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for SYS-BTC:

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 507,237.00
  • Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
  • High (H): Syscoin reached a daily high of around 0.0 BTC.
  • Low (L): The daily low for SYS-BTC was approximately 0.0 BTC.
  • Close (C): At the time of analysis, Syscoin is trading near its daily close of 0.0 BTC.
Metric Value
1D Change (%) -1.87%
3D Change (%) -2.48%
7D Change (%) -3.67%
30D Change (%) -9.48%
90D Change (%) -22.03%
YTD Change (%) -46.97%

Over the past three days, SYSBTC has decreased by approximately -2.48%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -3.67%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SYSBTC maintaining a downward trend of approximately -9.48%, despite intermittent fluctuations. Examining the last 90 days, SYSBTC has witnessed substantial drop of approximately -22.03%, reflecting strong long-term confidence. Year-to-date, SYSBTC has steadily decreased by around -46.97%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Syscoin Live Chart:

You can access a live price chart for SYS-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 0.25615.
  • Momentum score is -0.09483.

SYS BTC Technical Analysis

Syscoin Trading Volume:

The trading volume for Syscoin (SYS) over the past 24 hours has been significant, with approximately 507,237.00 BTC traded against SYS. 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): SYS is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Syscoin is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for SYS-BTC is currently in the low zone, around 42.9496. This suggests that Syscoin is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Syscoin (SYS-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 low RSI and significant trading volume are low signals for potential downward 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.