TKO USDT Tokocrypto Technical Analysis

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By Frans van Elst

Tokocrypto logo In this Tokocrypto technical analysis, we will examine the current price action, trading volume, key levels and indicators for TKO-USDT. Tokocrypto (TKO) is a decentralized cryptocurrency that utilizes a proof-of-stake consensus algorithm to secure its network. It offers fast and low-cost transactions, making it an attractive option for users looking for a more efficient blockchain experience. Additionally, TKO has a unique governance system that allows holders of the token to vote on proposals for the development and growth of the platform.

Tokocrypto Price Overview:

As of May 14, 2024, Tokocrypto is trading at approximately 0.3835 USDT. Let’s dive into the detailed price action for TKO-USDT:

Acknowledge potential headwinds for Tokocrypto (TKOUSDT) at 3.84e-01 USDT through bearish technical analysis, featuring weakened support and cautionary indicators.

Metric Value
Open (O) 0.3952
High (H) 0.3978
Low (L) 0.38
Close (C) 0.3835
Volume (C) 1,413,573.30
  • Open (O): The opening price for today’s trading session was approximately 0.3952 USDT.
  • High (H): Tokocrypto reached a daily high of around 0.3978 USDT.
  • Low (L): The daily low for TKO-USDT was approximately 0.38 USDT.
  • Close (C): At the time of analysis, Tokocrypto is trading near its daily close of 0.3835 USDT.
Metric Value
1D Change (%) -2.81%
3D Change (%) -2.84%
7D Change (%) -12.78%
30D Change (%) -10.90%
90D Change (%) 7.85%
YTD Change (%) 26.32%

Over the past three days, TKOUSDT has fallen by approximately -2.84%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -12.78%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TKOUSDT maintaining a downward trend of approximately -10.90%, despite intermittent fluctuations. Examining the last 90 days, TKOUSDT has witnessed substantial rise of approximately 7.85%, reflecting strong long-term confidence. Year-to-date, TKOUSDT has steadily increased by around 26.32%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Tokocrypto Live Chart:

You can access a live price chart for TKO-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 0.45277.
  • Momentum score is -0.21655.

TKO USDT Technical Analysis

Tokocrypto Trading Volume:

The trading volume for Tokocrypto (TKO) over the past 24 hours has been insignificant, with approximately 1,413,573.30 USDT traded against TKO. 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): TKO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Tokocrypto is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for TKO-USDT is currently in the low zone, around 41.48274. This suggests that Tokocrypto is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Tokocrypto (TKO-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 low RSI and insignificant trading volume are low signals for potential downward movement.

Acknowledge potential headwinds for Tokocrypto (TKOUSDT) at 3.84e-01 USDT through bearish technical analysis, featuring weakened support and cautionary indicators.

Don’t overlook our detailed insights on TKO BTC Tokocrypto 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.

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